https://www.bloomberg.com/news/articles/2026-09-01/wells-fargo-analysts-join-jpmorgan-traders-in-turning-cautious-on-us-stocks?srnd=homepage-americas
"The bank’s analysts, led by Ohsung Kwon, the firm’s chief equity strategist, warn of “broad cautiousness” heading into September as investors grow increasingly anxious about the sustainability of the AI-investment bo-m. The team expects capital expenditure fears around the AI build-out to peak. However, they note, their sentiment indicator remains more positive than negative after a mid-August selloff."
With such deep competence around WF, who even doubts this.
I have no doubt that if his Kwon's recommendations are bad, they will be stacked ranked, IMd and fired.