Nuveen Asset Management - Timing Is Everything

Posted by Michael J. O'Connor | CWS®, Vice President Investments
May 31, 2013

Bob Doll, Chief Equity Strategist, focuses this week's commentary on the Federal Reserve and the timing of its actions.

U.S. and global equities were under pressure last week, with all major U.S. indices lower for only the fourth time this year. With discussion of the Fed tapering its stimulus, market uncertainty gained momentum. The S&P 500 was down 1.0% for the week.1 We consider the market pullback technical in nature since the mention of a Fed quantitative easing exit likely created a natural point to take profits after the recent rally.

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Nuveen Asset Management - Timing Is Everything

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