This weekly commentary from Nuveen, authored by Saira Malik and the Global Investment Committee, evaluates post-election market trends and investment opportunities.
• Equities Outlook: U.S. equities are up 20% in 2024, though stretched valuations suggest cautious positioning; small caps and financials show leadership.
• Municipal Bonds: High yield municipals offer a taxable-equivalent yield of 9.1% for top tax brackets, with investment-grade munis outperforming Treasuries across the curve.
• Sector Focus: Airports and health care municipals are favored for robust cash flow and recovery trends.
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