Nuveen CIO Says Odds In Favor of S&P 500 Rallying Into Year-End
Saira Malik, chief investment officer of Nuveen, during the Bloomberg Invest event in New York.
Photographer: Jeenah Moon/BloombergUS stocks are likely to continue climbing into year-end as robust corporate earnings — particularly in megacap technology giants — keep driving shares higher, according to Nuveen Asset Management LLC’s chief investment officer.
For equities, the fourth quarter “is normally a strong quarter, especially when we’re up substantially year to date,” Saira Malik said in an interview with Bloomberg Television on Thursday. “So odds are in your favor for this rally to continue.”