Constructive, with Conditions

Constructive, with Conditions

OVERVIEW   Markets pulled back modestly during the first week of the new year, with U.S. equities generally lower across the board. Large-cap stocks led the decline, as the S&P 500 fell 1.03% and the NASDAQ dropped 1.52%. The Dow Jones Industrial Average...
Signals From the Factory Floor

Signals From the Factory Floor

  Heading into the new year, one question we get a lot is: How is the economy doing? Now, it can be hard to answer a question like that, because what one means by “the economy” can be different for different people. Are we talking about economic growth?...
The 2026 Market Cycle

The 2026 Market Cycle

  Today officially marks the first day of the new year, so let’s take a look at the NDR Cycle Composite for 2026 to see what the new year has in store for us. Now, this is one of the tools we use to help set expectations, not to make predictions. It’s based...
Mom-and-Pop Stress Test

Mom-and-Pop Stress Test

Unfortunately, the data continues to show struggles for small businesses. John Nelson shares the numbers on Subchapter 5 bankruptcy filings and how they could become a warning for the broader economy.

Not Overly Excited

Not Overly Excited

OVERVIEW   Markets finished the holiday-shortened week on a constructive note, with broad-based gains across most major asset classes. U.S. equities moved higher, led by large-cap stocks. The S&P 500 rose 1.40% on the week, while the NASDAQ added 1.22%. The...