Chart of the Week

NDR: The Plight of the Largest 7

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

NDR: Second half global economic outlook

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...

Chart of the Week

NDR: Another Golden Opportunity?

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

NDR:  Restrictive for longer

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,...

Chart of the Week

NDR:  Tech-led advance

The S&P 500 advanced 4.8% in May, marking the highest return for the month of May since 2009. While all sectors except for Energy registered a gain, it was Technology and Communication Services that...

Chart of the Week

NDR: To Sell or not to sell in May? Challenging the cliché.

Does a strong summer rally challenge the old saying, “sell in May and go away?” Historically, the “sell in May” cyclical influence has not been as powerful during election years. Since 1950, the S&P...

Chart of the Week

NDR:  Why have stocks rallied despite higher rates?

One of NDR’s themes over the past two years has been that higher interest rates make stocks less attractive than bonds. Many of our clients have pondered, "Why not allocate some to fixed income when...

Chart of the Week

NDR:  Elevated earnings beat rate

With concerns rising over the inflation outlook and the Federal Reserve's stance on rate cuts, bond yields saw an upward trend in March and April, while equities experienced a correction. The silver...

Chart of the Week

NDR:  The Millennial Miracle and how to invest in it.

Defying predictions, millennials from the 1980s and 1990s have seen a remarkable surge in net worth since the start of the pandemic. Non-financial assets, particularly home values, have played a...

Chart of the Week

NDR:  Reversing from an oversold extreme

As market volatility tends to rise when equities are declining and to fall when the market is rallying, it makes sense that this implied volatility gauge has maintained an inverse correlation with...
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