Saira Malik, Nuveen chief investment officer, joins 'Closing Bell: Overtime' to discuss the bank stock rebound and the cool CPI report, and what both mean for the market. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV ...(read more)
BREAKING: Recession News
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The possibility of a recession in the near future is becoming increasingly likely, according to Nuveen's Chief Investment Officer, Saira Malik. She stated that it is no longer a matter of if but rather when the next recession will hit the global markets. The stock market has been on a prolonged bull run for the last decade with slight corrections like the one that happened in December 2018. However, the global economy is currently showing signs of a potential downturn. Several factors such as trade tensions between the US and China, Brexit, and geopolitical risks in emerging markets like Venezuela and Iran have led investors to become cautious. The yield curve, which measures the difference between long-term and short-term rates, has inverted previously, leading to recessions. Recent data from the US Treasury has shown an incoming inversion in the yield curve with yields on 10-year bonds going lower than yields on three-month Treasury bills. This phenomenon has historically preceded economic contractions. Malik suggested that investors should prepare by reducing their risk levels and broadening their portfolios to include more assets that typically perform well during turbulent times like bonds. Nuveen, which is owned by TIAA-CREF, is among many asset managers that have warned their clients to prepare for an upcoming recession. The firm manages approximately $970 billion in assets and is known for its fixed-income business that focuses primarily on municipal bonds. Malik acknowledged that a recession is an opportunity to make good investment decisions as companies often reevaluate their operations and cut costs during such times. However, she emphasized the importance of caution as a recession can have substantial negative effects on employment, growth, and investments. In conclusion, the possibility of a global recession is becoming more and more likely as the yield curve inverts and global economic risks increase. Investors should take steps to reduce risk and broaden their portfolios to prepare for the upcoming recession. https://inflationprotection.org/nuveens-saira-malik-predicts-that-a-recession-is-inevitable-not-just-a-possibility/?feed_id=87305&_unique_id=6437952731415 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #ClosingBellOvertime #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #ClosingBellOvertime #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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