Meet the Team

Markets and Economy

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.

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Capital Market Impact

Markets pause on investor confusion

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. 

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Economic Commentary

Consumer activity slows to close 2022: Weekly Economic Review & Outlook

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.