Wall Street Webcasting Presents:  Wells Fargo Securities: “Upside Surprise in the Payrolls Report Improves the Mood of Investors.”

NEW YORK--()--Wall Street Webcasting has prepared and provided for you an exclusive broadcast of Wells Fargo Securities own, Rich Gordon. Gordon is highly recognized for his weekly narrates regarding the fixed income strategy at Wells Fargo Securities (NYSE: WFC). This week, Gordon concentrates on this week’s improving economic data.

Friday’s Nonfarm Payroll’s report shows that 248,000 jobs were added in the month of September, which exceeded expectations of 215,000. There were also upward revisions for August. The unemployment rate came in at 5.9%, which is the first time it has fell below 6% since July of 2008; however, this has not yet converted into stronger wage growth. The S&P gained 1.1% last week, which offsets last week’s loss. The trade-off in stocks tested a well- established long-term trend line just below 1925 on the S&P. High yield prices continue to recover from September.

Some trends in financial assets have become firmly rooted over the last 6 months. The Wells Fargo economic analysts believe that they will broaden into the fourth quarter 2014. The 5s/30s curve has been a sure bet in trading this summer and the flattening in the curve has proved that the zero interest rate policy is going to come to an end in 2015. Wells Fargo analysts are unsure of whether this will happen during the first, second, or third quarter next year; it is almost undoubtedly going to happen sometime in 2015, which will bring about a flatter curve.

The Euro has lost more than 8% against the dollar since July 1st. This is quite an extreme revaluation in such a short amount of time between two of the major currencies in the world. Though the ECB hasn’t publicly said it, the downward adjustment in the Euro is a crucial element to improve the economic growth rate in the Eurozone.

To hear a more in depth explanation of the most recent economic data, please tune into The Wells Fargo Securities latest video.

Please visit the following link to view the video:

http://www.wsw.com/webcast/wav/

Contacts

Wall Street Webcasting
Heather Capizzi, 201-683-2100

Contacts

Wall Street Webcasting
Heather Capizzi, 201-683-2100