Wells Fargo's Wren: Market Came to Senses After Election

The video discusses the market's reaction to the U.S. presidential election, noting a slight increase in the S&P 500. It highlights the market's quick adjustment to the potential policies of Donald Trump, emphasizing that legislative changes will take time. The discussion covers investment trends, with money moving into financials and industrials, while some remains on the sidelines. The video also addresses year-end market positioning, suggesting a shift towards a cyclical outlook with expectations of economic growth in 2017.

What is the speaker's outlook for the economy in 2017?

How does the speaker describe the current state of cash in the market?