Nuveen’s CIO Weekly Commentary (28 July 2025), led by CIO Saira Malik, assesses how resilient earnings, retail inflows, and tariff risks are shaping equity and fixed income positioning.
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Equity strength tested: S&P 500 earnings growth surpassed expectations at +6.4%, but technical momentum is stalling as trade deadline risks resurface and volatility looms.
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Retail flows surge: Over $50B in net retail buying helped lift markets, particularly in tech, where the "Magnificent 7" now comprise over one-third of S&P 500 market cap.
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Senior loans attractive: Yielding 6.5–8%, with low volatility and discount pricing, senior loans offer compelling risk-adjusted returns and protection from rate swings.
Where do income and risk-adjusted value align in today’s bifurcated market? The full commentary explores tactical shifts across equities and fixed income.
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