Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk (opens original article in a new tab)

Wells Fargo's Darrell Cronk says the S&P 500 forecast includes no expected Fed rate hikes and predicts the index will reach 7,900 by year-end, calling current market movement a 'rotation' rather than a selloff.

• Darrell Cronk of Wells Fargo states that the S&P 500 forecast includes no expected Fed rate hikes
• Cronk claims the S&P 500 will reach 7,900 by year-end according to the forecast
• Cronk describes current market conditions as a 'rotation' rather than a selloff
• The forecast suggests no interest rate hikes by the Federal Reserve