Wells Fargo analysts say the S&P 500 could fall over 8% from current levels by the end of the year.
The S&P 500 currently trades at 2,436, but Wells Fargo Investment Institute’s year-end target on the broad index is between 2230-2330.
Right now, stocks are flirting with record highs with Amazon and Alphabet trading over $1,000 a share.
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