Investment Strategist Says It’s Time for a Defensive Approach

Brian Nick of Nuveen sees a range of hazards for a “choppy” and “frustrating” market in 2019.

Brian Nick is the chief investment strategist for Nuveen, a global investment management firm.

Where do you see the U.S. stock market heading for the remainder of 2019? Investors have enjoyed a 15% gain from the U.S. market already this year. It’s reasonable to expect something close to that for the calendar year. I’d expect the climb from here will be a lot tougher, and less steep. Choppy and frustrating are two words we’d use to describe the market. We see Standard & Poor’s 500-stock index ending the year between 2850 and 2900.

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Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.