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Nuveen

2023 Top 500 ranking: 19

Valuations and guidance appear foreboding for U.S. equities

Valuations and guidance appear foreboding for U.S. equities

The month-long rally in U.S. equity markets hit stiff resistance in mid-August. Surprising resilience in economic data, including consumer spending, employment and July’s cooler-than-expected Consumer Price Index report, helped propel broad-based indexes like the S&P 500 and the tech-heavy Nasdaq out of their bear market lows of June and in ...

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