Wealth Management
In May, we had revised our 2024 real GDP growth projection upward by 50 basis points to 1.5%-2.0% due to a somewhat firmer demand than previously anticipated. Additionally, we increased our forecast...
Chart of the Week
The recent CPI/PPI spread indicates potential downside pressure on earnings and stock prices. With CPI inflation coming in softer than expected and market expectations of a Fed rate cut rising, it's...
In the News
In The News: NDR’s Managing Director Global Head of Investment Solutions Brian Sanborn talks about resilience in an industry that takes grit to succeed. In this article, published by Manager...
Wealth Management
We remain bullish on U.S. stocks due to accelerating earnings growth, moderating economy and inflation, and expectations of a year-end rally in a presidential election year. The S&P 500's 15.0%...
Chart of the Week
The mega-cap companies (Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA, and Tesla), known as the Magnificent Seven ("Mag 7") have significantly outperformed the market. This has led to recent...
Chart of the Week
This chart shows NDR's Global Recession Probability Model, which is designed to identify OECD-defined global slowdowns, a condition historically consistent with cyclical bear markets in global...
Wealth Management
The evidence remains supportive for stocks, with earnings showing a broadening recovery into their second year despite the stickier-than-expected inflation noted by the Fed. However, it’s crucial to...
See the Signals
NDR In a world full of first rate cuts... In this episode, NDR's Chief Economist Alejandra Grindal discusses global monetary policy. Although the Fed has yet to cut rates, other central banks such as...
Chart of the Week
Gold’s recent sell-off tested its April lows and produced an oversold condition, as shown above. Is this an opportunity to buy on weakness within an ongoing uptrend? That was the case after the...
Chart of the Week
As expected, the FOMC left the fed funds target range at 5.25% to 5.50% for the seventh consecutive meeting. Powell gave no clear indication as to when a rate cut would come. Which begs the question,...
