Day Hagan/NDR Smart Sector® with Catastrophic Stop Strategy October 2024 Update

Day Hagan/Ned Davis Research Smart Sector® with Catastrophic Stop strategy, model and allocations update.
BY BRIAN SANBORN

The Day Hagan/Ned Davis Research Smart Sector® with Catastrophic Stop strategy entered this month recommending a fully invested position. The NDR Catastrophic Stop model is based on the combination of two proprietary composites: 1) the Internal Composite (technical and price-related indicators) and 2) the External Composite (fundamental, economic, interest rate, and behavioral/sentiment indicators). Each composite is one-half of the overall score.

The sector model maintained mixed leadership this month. Entering October, Consumer Discretionary and Utilities are above benchmark weight. Energy dropped to marketweight. Real Estate, Communication Services, Materials, Consumer Staples, and Health Care are below benchmark weight.

Full strategy commentary: NDRSASDH202410031

Visit the Day Hagan research page for access to additional commentary and webcasts.

Other posts

Trump Auto Tariffs, Fed Speakers, CoreWeave’s IPO

BY TEMATICA
Ahead of March quarter earnings, S&P 500 price target cuts are starting... Read more →

NDR Dynamic Allocation Strategy November 2024 Update

BY BRIAN SANBORN
Dynamic Allocation Strategy, indicators, weightings update Read more →

C8 Currency Compass – October 2024

BY JON WEBB
A strong start from Currency Compass last month, where we called for a 50bp Fed rate cut camp but noting our currency models point to EURUSD and GBPUSD weakness, so any bounce is a good opportunity to add EUR and GBP hedges.  Indeed it was, with EURUSD hitting 1.12 and GBPUSD 1.34 before falling back.  Stronger US data, in particular the employment report, helped cement this view, the chart below illustrates  how recent US data has pushed up the Atlanta Fed Q3 GDPNow forecast from 2% to above 3%. Read more →
Back to all posts →