Wells Fargo's Darrell Cronk expects zero Fed hikes this year, with S&P 7900 target contingent on that. He sees long-end yields staying higher despite lower oil, views tech selloff as rotation not exodus, prefers financials on steepening yield curve, and is negative on small caps due to Russell rebalancing dilution.
explicit
explicit
Oil
Metals
USD
financials up
Wells Fargo
7.5
Investment Bank $1900.00B
Darrell Cronk 9.0
Investment Bank $1900.00B
Darrell Cronk 9.0
S&P 500; US rates
6/24/2026 5:17:30 PM
- S&P500 → 7900
ndx
More weakness coming through the summer months... cheaper moment to put that next marginal dollar to work in the tech sector than today
| 5/29/2026 1:23:25 AM | short term up | 7 days later | -3.60% | -3.60% |
| 4/14/2026 9:17:55 PM | short term up | 5 days later | +1.47% | +1.47% |
| 12/19/2025 11:43:35 PM | short term up | 7 days later | +0.25% | +0.25% |
| 12/6/2025 1:57:50 AM | long term up | 60 days later | -2.15% | -2.15% |
| 11/11/2025 11:19:10 PM | short term up | 5 days later | -2.81% | -2.81% |
| 11/7/2025 10:27:28 PM | short term up | 7 days later | -3.17% | -3.17% |
| 10/24/2025 12:04:36 AM | short term up | 7 days later | +0.59% | +0.59% |
| 10/13/2025 3:43:24 PM | short term cautious down | 5 days later | +0.97% | -0.49% |
| 10/7/2025 12:54:42 AM | short term up | 5 days later | -1.54% | -1.54% |
| 10/3/2025 5:51:34 PM | medium term cautious up | 21 days later | +3.37% | +1.69% |
| 9/23/2025 11:33:29 PM | medium term up | 20 days later | +0.31% | +0.31% |
| 9/4/2025 8:56:40 PM | short term cautious down | 5 days later | +0.83% | -0.42% |
rut
What we don't like is small cap... continuing to dilute the integrity and the quality of that index
| 1/15/2026 11:42:20 PM | medium term up | 20 days later | -3.74% | -3.74% |
yields
Long end we think is going to stay higher
| 4/17/2026 6:51:24 PM | medium term up | 21 days later | +3.76% | +3.76% |
| 4/14/2026 1:22:44 AM | medium term cautious up | 20 days later | +3.13% | +1.56% |
| 3/7/2026 1:05:06 AM | short term up | 5 days later | +3.68% | +3.68% |
| 1/22/2026 4:03:42 PM | medium term cautious down | 20 days later | -3.18% | +1.59% |
| 1/21/2026 12:39:17 AM | short term cautious down | 5 days later | -0.61% | +0.31% |
| 1/15/2026 2:22:02 AM | short term cautious down | 5 days later | +0.52% | -0.26% |
| 12/6/2025 1:57:50 AM | short term up | 7 days later | +0.24% | +0.24% |
| 11/25/2025 9:29:21 PM | medium term cautious up | 20 days later | +3.78% | +1.89% |
| 10/29/2025 8:17:20 PM | medium term cautious down | 20 days later | +0.98% | -0.49% |
| 10/8/2025 8:58:05 PM | medium term cautious down | 20 days later | -2.17% | +1.08% |
| 9/11/2025 9:13:15 PM | short term cautious down | 5 days later | +0.37% | -0.18% |
| 9/9/2025 2:56:46 PM | short term sharp down | 5 days later | +0.05% | -0.07% |
| 9/4/2025 8:56:40 PM | short term cautious up | 5 days later | -1.32% | -0.66% |
| 8/21/2025 1:22:02 AM | medium term cautious down | 20 days later | -5.85% | +2.92% |
| 8/19/2025 1:48:18 AM | medium term cautious down | 20 days later | -5.17% | +2.58% |
| 7/16/2025 3:14:00 AM | short term up | 5 days later | -2.85% | -2.85% |
