Nuveen's Nick Expects Strong Growth in Q3 of 2021

The transcript discusses the market's reaction to potential tax cuts and the incremental response to vaccination news. It highlights the journey of economic recovery, emphasizing easing restrictions and consumer confidence. The conversation predicts a shift from goods to services, with a potential economic boom in Q3 2021. The labor market's recovery and earnings are crucial for sustained growth, with expectations of rising interest rates but stable market confidence.

What is the market's typical response to the potential of a tax cut?

• Immediate price adjustment when the bill is passed

• A decrease in market activity

• Incremental pricing in anticipation of the cut

• No change until the tax cut is implemented

What shift in consumer behavior is expected as the economy recovers?

• Decreased overall spending

• Increased spending on goods

• A shift from goods to services

• A shift from services to goods

By which quarter is a significant demand boom expected?

• Q3 2021

• Q1 2021

• Q2 2021

• Q4 2021

What is a key factor that should boost GDP growth?

• Decreased consumer confidence

• Re-entry of people into the labor force

• Increased government spending

• Higher taxes

What is the expected impact of rising interest rates on market confidence?

• It will slightly boost confidence

• It will shatter market confidence

• It will have no impact

• It will not shatter market confidence