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Thu, Sep 24 07:03 PM

Wells Fargo Warns of 5%-10% Downside Risk to Equities

Bloomberg Markets•Thu, Sep 24, 2026, 01:40 PM•2 min read

Ohsung Kwon, chief equity strategist at Wells Fargo, explains the “pretty negative setup” he sees for equities as he lowers his year-end target for the S&P 500 to 7,700.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-09-24/wells-fargo-warns-of-5-10-downside-risk-to-equities-video)

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