Guidance

Review the 2024 value of asset allocation to align your investments with your goals and risk tolerance.

Explore recent tax code changes to help optimize your wealth planning for 2025 and beyond.

S&P 500 Index total return during bull and bear market cycles.

A downturn is no reason to exit the market.

Bear Markets Since World War II (based on S&P 500)

Forward P/E and subsequent 1-year returns
Forward P/E and subsequent 5-year annualized returns

Change in purchasing power by investment in major asset class.

Yield -to-worst and subsequent 5-year annualized returns.

Range of stock, bond and blended total returns. Annual total returns, 1950-2024

Wells Fargo Investment Institute
Global Investment Strategy
As of 12/31/2025

Investment and Insurance Products are:

Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate

Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested