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NDR: Where do we go from here?
While the August update of the NDR Global Balanced Account Model reflected a more modest equity reading than in July and August, our Chief Global Investment Strategist Tim Hayes is maintaining his longstanding overweight stance on equities. The bottom line is that he wants to remain positioned for the “continuation of the cyclical bull market [which is] supported by soft landing evidence and poised to gain momentum when the seasonal influence shifts from a headwind to a tailwind in the fourth quarter.”
The question now becomes, “What would it take for us to make the final upgrade or start cutting?” In his latest publication, Tim outlined what he is monitoring to determine whether his next allocation shift will be a final upgrade to 70% or a reduction in equity exposure. Please fill out the form to the right for access to the full publication or you may click here to participate in our trial program.