It didn’t take Friday the 13th to spook the markets. The entire week has been more full of downs than ups for U.S. markets. Sameer Samana is the Global Strategist at Wells Fargo Investment Institute (WFC) and he says his outlook is still ‘brightening for developed-market equities.’ Samana says ‘recent positive surprises in international economic data suggest that investors may have been too pessimistic last year on prospects for developed-market economies.’ Samana expects international companies to grow in profitability. Sectors Wells Fargo is currently overweight includes Consumer Discretionary, Industrials and Information Technology. The firm is avoiding the consumer staples and utilities sectors.
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