US Exceptionalism to Persist in 2025, Nuveen Says

The video discusses the current market uncertainty and elevated equity prices, focusing on US earnings expectations and the role of tech in driving growth. It highlights the impact of volatility in rates and FX, influenced by divergent monetary and growth outlooks between the US and Europe. The video also examines mispricing in the gilt market and small caps, considering the Bank of England's potential rate cuts. Finally, it explores the implications of US growth and policy changes, such as tax cuts and tariffs, on small caps.

What are the main factors contributing to uncertainty in the market this year?

How do earnings expectations for the US compare to historical trends?

What is the expected impact of monetary policy on the market this year?

What are the implications of the Bank of England's rate cuts in the current economic environment?

In what ways might small caps be affected by US growth and tax policies?