WrapManager's Wealth Management Blog
When life changes, we can help you thoughtfully respond.

Nuveen Looks Ahead to Future of the Bull Market, Tax Reform in 2018

Posted by WrapManager's Investment Policy Committee

November 16, 2017

The bull market in equities is aging but remains very much intact...

For more than a year now, equity markets have enjoyed an unusual combination of low volatility and near-uninterrupted price gains due to a combination of accelerating economic growth, improving earnings, accommodative monetary policy and still-low inflation.

Economic growth should continue to improve, but expectations have risen, which means positive surprises will be harder to come by. At the same time, central bank policy is slowly tightening, which could contribute to market volatility. Additionally, accelerating growth and tighter policy may finally trigger an uptick in inflation, especially in wage inflation given the low level of unemployment. Should this occur, we expect bond yields will climb, which could jolt other financial assets including equity markets. We don’t expect yields to rise unimpeded, but an ascending period of peaks and troughs looks likely.

Read an excerpt of the complete commentary below, then download the entire investment commentary as a PDF.

[+] Read More

Taxes Economic/Market Outlook Nuveen Asset Management Money Manager Commentary

BlackRock Asks: Where Is the US Dollar Headed?

November 9, 2017
We see a mildly stronger U.S. dollar (USD) ahead... A key U.S. dollar index has depreciated roughly 7% this year. Some are betting on ... [+] Read More

Nuveen Asks What Matters and What Doesn’t for Equities?

October 26, 2017
Investors remain calm as equity prices move higher against a backdrop of very low volatility... Investor attention remained focused on ... [+] Read More

ClearBridge Investments Looks Beyond FAANGs to Semiconductors

September 28, 2017
Tremendous growth in software functionality has only been enabled by tremendous growth in semiconductor performance... U.S. equity market ... [+] Read More

Nuveen Expresses Confidence in Bull Market

September 21, 2017
Despite Roadblocks, Expect the Bull Market to Continue... Following a down week for stocks, investors adopted a risk-on approach, moving ... [+] Read More

BlackRock Sizes Up Hurricane Relief and the Fiscal Cliff

September 14, 2017
We see more political uncertainty ahead... Washington averted an imminent fiscal crisis, but the result could be a steep fiscal cliff in ... [+] Read More

Nuveen Estimates Hurricane Harvey’s Impact, Risks Ahead

September 7, 2017
We advocate sticking with a pro-growth investment stance... The devastation caused by Hurricane Harvey dominated the news last week. From ... [+] Read More

Nuveen Weighs Effect of Political Uncertainty on Stocks

August 24, 2017
Escalating Political Uncertainty Drags on Stocks As last week began, attention was focused on attempts to dial back tensions between the ... [+] Read More

BlackRock Evaluates Indifferent Investor Sentiment

August 17, 2017
Investor sentiment shows more signs of fatigue than euphoria... Equity markets have greeted positive earnings reports largely with ... [+] Read More

Nuveen Evaluates Economic Growth, Recession Risk

August 10, 2017
Risks Appear Tilted to the Upside for Stocks Although economic data was positive and earnings continued to be strong, U.S. equities were ... [+] Read More