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Nuveen Asset Management - Yawn As Equities Advance Another 2%

Posted by WrapManager's Investment Policy Committee
May 21, 2013

Nuveen Asset Management's Bob Doll writes about the things that keep investors up at night, including unprecedented monetary reflation and interest rate suppression.

"U.S. equities advanced again last week, with the S&P 500 increasing 2.1%.1 Global stocks are reaching new highs in this cycle and the U.S. market is at an all-time high. Bonds were hurt in the move, dragging credit down, while commodities fell slightly on weaker manufacturing data. The unrelenting equity rally and an environment without positive news about earnings and the economy is making many investors uncomfortable."

 

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