NDR Dynamic Allocation Strategy January 2021 Update

The Dynamic Allocation Strategy entered the new year with a large allocation to equities. The top-level indicators in the model (relative strength, breadth, leading economic indicators, manufacturing, shipping rates, and central banks) continue to favor equities relative to 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.
BY BRIAN SANBORN

Full strategy commentary: NDRDAS202101061

Other posts

Thoughts From The Divide: Particularly Fluid

BY JON WEBB
Now a week out from the Fed making it clear that the squeeze of lower growth isn’t worth the juice of bringing inflation back to (not toward, Jerry!) 2%, Mohamed El-Erian summed up the state of play nicely in a recent article for the FT. The Queens’ College president noted that, “It is not often that you see a reputable central bank revise up its inflation and growth projections and yet strengthen a dovish tilt to its policy stance. Yet that is what happened in Washington last week when the Federal Reserve raised those projections up a notch and yet delivered two consequential signals – a willingness to tolerate higher inflation for longer and an openness to slow the ongoing reduction in its balance sheet.” Read more →

Thoughts From the Divide: Pandora’s Box

BY JON WEBB
While the Whitehouse may have successfully avoided putting its foot in its mouth on inflation this year (We hope everyone stateside had a good Independence day), the topic remains at top of mind for more than just the bean counters, as policymakers and consumers alike grapple with a new version of Whitney Houston’s question, “How will I know if inflation is over?”. The last few weeks haven’t offered very clear guidance. CPI was cooler than expected, but PPI was above expectations. Both the ISM Manufacturing and Services reports saw strong price readings, but there were other signs of a retreat in demand. Read more →

NDR Dynamic Allocation Strategy February 2023 Update

BY BRIAN SANBORN
Dynamic Allocation Strategy, indicators, weightings update Read more →
Back to all posts →