Positioning for tax cuts, tariffs and deregulation

This weekly commentary from Nuveen, led by CIO Saira Malik, provides strategic insights on expected U.S. fiscal policies and their impact on market allocation.

• Fiscal Policy Expectations: Anticipated tax cuts and deregulation may drive short-term growth, though higher tariffs risk escalating inflation.
• Fixed Income: Elevated Treasury yields reflect inflationary pressures, suggesting limited room for Fed rate cuts in 2025.
• Portfolio Strategy: Senior loans, with their high yields and low correlation to traditional fixed income, are recommended to enhance risk-adjusted returns.

For a comprehensive breakdown of these strategies and actionable insights, read the full report.