The market is behaving illogically, says Malik in Nuveen’s 2Q2022 global market outlook. “Despite positive signals — powerful job creation, a steady drop in the unemployment rate and consumer resilience, to name a few — markets often behaved as if the only messages getting through were fragmentary soundbites on a doom and gloom wavelength.”
Like a massive dark cloud blotting out the sun, could the doom and gloom surrounding the market stay with us longer than expected?
Saira Malik, chief investment officer at American asset manager Nuveen, highlights a “worsening disconnect” between hard economic data and investor sentiment.
