Global Investment Committee Outlook
2Q | 2019 UPDATE
Expect a tougher climb
Nuveen’s 2019 Outlook, published in early December, told investors to expect a tougher climb. Since then, we’ve experienced a selloff in stocks and other risk assets followed by a strong recovery in the first quarter. That might have been even a tougher climb than we envisioned, but the sort of volatility and uncertainty that investors experienced over the past few months is, unfortunately, pretty typical in the late stages of economic and market cycles. And it’s a reminder of why we encourage our clients to remain invested through times of volatility. Even so, we think we’re in for a challenging environment for the rest of 2019.