Each year you should spend some time evaluating the providers who work with your 401k plan. Assessing the performance of your 401k investment advisor is often the most difficult since he/she may be the captain of your 401k provider team. How can you tell if your 401k investment advisor is doing a good job?
The best thing about Wells Fargo’s midyear market outlook may be what it forecasts won’t happen rather than what will. For example, it doesn’t expect a recession in the next 12 months, which is supportive for financial markets, but it does expect the S&P 500 index to end the year below current levels — 4% to 8% lower — and short-term and long-term interest rates to finish higher.