Markets appear to be undergoing a gradual recalibration, with investor focus shifting from geopolitical headlines to evolving expectations around economic growth, employment trends and equity market leadership, according to Saira Malik, CIO at Nuveen, in a recent commentary post.
Recent data suggest the U.S. economy is cooling rather than contracting, as manufacturing activity moved back into expansion territory, though labor indicators showed softer job creation and an increase in layoff announcements. In equity markets, technology and software stocks experienced volatility amid concerns that artificial intelligence could disrupt traditional business models, contributing to broader sector swings. Overall, investors seem to be moving toward greater selectivity and income-oriented strategies, with increased interest in private markets such as real estate as a complement to public equities.
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