Chart of the Week
The rout in the housing market extended for another month in June, as rising home prices and still elevated mortgage rates weighed on housing affordability and sales. Existing home sales fell 5.4% to...
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...
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...
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,...
Chart of the Week
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
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
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
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...
