Nationwide’s Chief of Investment Research and the Nationwide Economics team offer daily and weekly commentary and analysis of the equity and bond markets, including an overview of economic data being released, global market news, commodities and market performance by index returns. These timely insights can help you navigate markets and understand emerging trends.
What does Q4's GDP report tell us about the state of our economy as 2022 came to an end? What impact has the Fed's rate hikes had on GDP? How does this report impact our outlook of the economy and financial markets—and the potential for a recession?
After a difficult year in the markets, now is a good time to re-align your portfolio with your risk tolerance.
The COVID-19 pandemic has been highly disruptive for the U.S. economy with effects that could linger for years. We break down some short and long-term trends around the pandemic and inflation here.
Equity markets took a breather following a strong start to the year, as the soft-landing narrative came under increased scrutiny following macro data and modestly disappointing earnings. Additionally, a contentious debate over the debt ceiling has some investors concerned about the politicization of default fears. The S&P 500® Index lost nearly 1% for the week, though the market remains 3% higher for the year.
The large declines in retail sales in December and November signals that consumer spending lost a lot of steam despite some cooling in inflation as we ended 2022. We see further downside in 2023 as we expect the labor market will start to weaken significantly, which will depress personal income growth. On the housing front, existing home sales fell for an eleventh straight month as prospective homebuyers continue to contend with low inventory and high mortgage rates.
High prices and concerns about a recession are weighing on the minds of many consumers. How has this impacted consumer spending? What is our outlook for consumer activity?
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