From their lows in March to recent September highs, we believe equity markets are looking up. For this reason and more, please read the attached Wells Fargo Investment Institute report for their outlook.

Wells Fargo Investment Institute, Inc. is a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member-SIPC, a registered broker-dealer and non bank affiliate of Wells Fargo & Company.