Investment Strategist Says It's Time for a Defensive Approach

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.

How should investors