NDR Dynamic Allocation Strategy February 2021 Update

The Dynamic Allocation Strategy maintained its large allocation to equities. Five of the six top-level indicators in the model (relative strength, leading economic indicators, manufacturing, shipping rates, and central banks) continue to favor equities relative to fixed income. The global equity market participation (breadth) indicator deteriorated and now favors fixed income. Within the equities decision, Emerging Markets, U.S. Small-Caps, and U.S. Growth received the largest weightings. Click the link below to read more about the strategy’s positioning.

Full strategy commentary: NDRDAS202102041

NDR Fixed Income Allocation Strategy October 2024 Update

BY BRIAN SANBORN

The NDR Fixed Income Allocation Strategy, Positioning 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 →

NDR Fixed Income Allocation Strategy June 2023 Update