Investors are ignoring the parallel between today's market and 1999, an investment chief warns. Brent Schutte, the chief investment officer for Northwestern Mutual's wealth management arm, isn't sure this year's returns have staying power. "This reminds me a lot of 1999 to 2000 where a small group of stocks kept pulling the market higher," Schutte said in a recent interview with Insider. Unless there's a sudden influx of workers that drives down wage growth through competition, the investment chief said the economy will steadily lose momentum. 3 ways to protect your portfolio nowDespite the recent market pullback, investors don't seem to be too worried.

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Persons: Brent Schutte, Schutte, you've, they're, hasn't, Schutte isn't Organizations: Northwestern, CPI, Workers