U.S. equity earnings vs. escalating economic fears

Nuveen’s Global Investment Committee, led by CIO Saira Malik, examines the U.S. equity landscape amid softening sentiment and persistent macro uncertainty driven by trade tensions and inflation concerns.

• Market volatility eased temporarily, but confidence indicators continue to deteriorate across consumers and businesses.  
• S&P 500 earnings growth for Q1 stands at 7.2%, sharply below early-2025 forecasts, with negative sentiment affecting both misses and beats.  
• Guidance has become a critical driver of equity performance as macro uncertainty clouds outlooks.  

Explore the full report to uncover strategic positioning amid today’s earnings and economic complexity.