Nuveen’s Global Investment Committee, led by CIO Saira Malik, analyzes recent U.S. market resilience and the implications of shifting trade policy and municipal bond opportunities.
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U.S. equities rebounded sharply, with the S&P 500 up nearly 20% since April 8, driven by renewed U.S.-China tariff negotiations.
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Inflation eased in April, but tariffs remain high, posing risks to 2025 GDP growth and inflation.
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Municipal bonds offer compelling yields and remain structurally sound, with “rainy-day” reserves at 15% of state/local budgets.
Read the full report to explore portfolio implications and positioning strategies.
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