Economic and Financial Indicators … · 2 Indicators are Forward-looking Three to Six Months ....
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HIGHLIGHTS 2 Indicators are Forward-looking Three to Six Months Economic and Financial Indicators Source: City National Rochdale. As of January 2017. ECONOMIC & FINANCIAL INDICATORS Indicators signal modest U.S. economic growth ahead Trump victory raises significant policy uncertainty Healthy consumer and labor fundamentals Fiscal stimulus should help boost growth Fed policy still accommodative, but effectiveness waning Steady housing recovery continues Uncertain political environment = lower business confidence Trade protectionism another challenge for global economy Valuations appear “full and fair” Corporate profit growth set for modest improvement Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change in indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred. Positive/Strengthening Negative/Weakening Financial Market Impact Disposable Personal Income/Wages Monetary Policy U.S. Economic Outlook Consumer Sentiment Yield Curve Housing/Mortgages Labor Market Interest Rates Consumer Spending Fiscal Policy Political Environment Leading Indexes Corporate Profit Growth Business Outlook Spending/Surveys Global Economic Outlook Geopolitical Risk Energy Cost Impact Inflation Credit Demand/Availability Equity Market Valuation
Transcript of Economic and Financial Indicators … · 2 Indicators are Forward-looking Three to Six Months ....
HIGHLIGHTS
2
Indicators are Forward-looking Three to Six Months Economic and Financial Indicators
Source: City National Rochdale. As of January 2017.
ECONOMIC & FINANCIAL INDICATORS
Indicators signal modest U.S. economic growth ahead
Trump victory raises significant policy uncertainty
Healthy consumer and labor fundamentals
Fiscal stimulus should help boost growth
Fed policy still accommodative, but effectiveness waning
Steady housing recovery continues
Uncertain political environment = lower business confidence
Trade protectionism another challenge for global economy
Valuations appear “full and fair”
Corporate profit growth set for modest improvement
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change in indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/Weakening Financial Market Impact
Disposable Personal Income/Wages
Monetary Policy U.S. Economic Outlook Consumer Sentiment Yield Curve
Housing/Mortgages Labor Market Interest Rates Consumer Spending Fiscal Policy
Political Environment Leading Indexes Corporate Profit Growth
Business Outlook Spending/Surveys
Global Economic Outlook
Geopolitical Risk Energy Cost Impact Inflation Credit Demand/Availability
Equity Market Valuation
2
Economic and Financial Indicators
City National Rochdale Indicators show widespread strength and continue to signal modest U.S. economic growth ahead.
Source: City National Rochdale. As of February 2017.
ECONOMIC & FINANCIAL INDICATORS
Indicators are Forward-looking Three to Six Months
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change in indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/Weakening Financial Market Impact
Disposable Personal Income/Wages
Monetary Policy U.S. Economic Outlook Consumer Sentiment Yield Curve
Housing/Mortgages Labor Market Interest Rates Consumer Spending Fiscal Policy
Political Environment Leading Indexes Corporate Profit Growth
Business Outlook Spending/Surveys
Global Economic Outlook
Geopolitical Risk Energy Cost Impact Inflation Credit Demand/Availability
Equity Market Valuation
2
Economic and Financial Indicators
City National Rochdale Indicators show widespread strength and continue to signal modest U.S. economic growth ahead.
Source: City National Rochdale. As of March 2017.
ECONOMIC & FINANCIAL INDICATORS
Indicators are Forward-looking Three to Six Months
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change in indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/Weakening Financial Market Impact
Disposable Personal Income/Wages
Monetary Policy U.S. Economic Outlook Consumer Sentiment Yield Curve
Housing/Mortgages Labor Market Interest Rates Consumer Spending Fiscal Policy
Political Environment Leading Indexes Corporate Profit Growth
Business Outlook Spending/Surveys
Global Economic Outlook
Geopolitical Risk Energy Cost Impact Inflation Credit Demand/Availability
Equity Market Valuation
2
Economic and Financial Indicators
City National Rochdale Indicators show widespread strength and continue to signal modest U.S. economic growth ahead.
Source: City National Rochdale. As of April 2017.
ECONOMIC & FINANCIAL INDICATORS
Indicators are Forward-looking Three to Six Months
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change in indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/Weakening Financial Market Impact
Disposable Personal Income/Wages
Monetary Policy U.S. Economic Outlook Consumer Sentiment Yield Curve
Housing/Mortgages Labor Market Interest Rates Consumer Spending Fiscal Policy
Political Environment Leading Indexes Corporate Profit Growth
Business Outlook Spending/Surveys
Global Economic Outlook
Geopolitical Risk Energy Cost Impact Inflation Credit Demand/Availability
Equity Market Valuation
2
Economic and Financial Indicators
City National Rochdale Indicators show widespread strength and continue to signal modest U.S. economic growth ahead.
Source: City National Rochdale. As of May 2017.
ECONOMIC AND FINANCIAL INDICATORS
Indicators Are Forward-Looking Three to Six Months
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change in the indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/Weakening Financial Market Impact
Disposable Personal Income/Wages
Monetary Policy U.S. Economic Outlook Consumer Sentiment Yield Curve
Housing/Mortgages Labor Market Interest Rates Consumer Spending Fiscal Policy
Political Environment Leading Indexes Corporate Profit Growth
Business Outlook Spending/Surveys
Global Economic Outlook
Geopolitical Risk Energy Cost Impact Inflation Credit Demand/Availability
Equity Market Valuation
2
Economic and Financial Indicators
City National Rochdale Indicators show widespread strength and continue to signal modest U.S. economic growth ahead.
Source: City National Rochdale. As of June 2017.
ECONOMIC AND FINANCIAL INDICATORS
Indicators Are Forward-Looking Three to Six Months
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change in the indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/Weakening Financial Market Impact
Disposable Personal Income/Wages
Monetary Policy U.S. Economic Outlook Consumer Sentiment Yield Curve
Housing/Mortgages Labor Market Interest Rates Consumer Spending Fiscal Policy
Political Environment Leading Indexes Corporate Profit Growth
Business Outlook Spending/Surveys
Global Economic Outlook
Geopolitical Risk Energy Cost Impact Inflation Credit Demand/Availability
Equity Market Valuation
2
Economic and Financial Indicators
City National Rochdale indicators show widespread strength and continue to signal modest U.S. economic growth ahead.
Source: City National Rochdale. As of July 2017.
ECONOMIC AND FINANCIAL INDICATORS
Indicators Are Forward-Looking Three to Six Months
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change in the indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/Weakening Financial Market Impact
Disposable Personal Income/Wages
Monetary Policy U.S. Economic Outlook Consumer Sentiment Yield Curve
Housing/Mortgages Labor Market Interest Rates Consumer Spending Fiscal Policy
Political Environment Leading Indexes Corporate Profit Growth
Business Outlook Spending/Surveys
Global Economic Outlook
Geopolitical Risk Energy Cost Impact Inflation Credit Demand/Availability
Equity Market Valuation
2
Economic and Financial Indicators
City National Rochdale indicators show widespread strength and continue to signal modest U.S. economic growth ahead.
Source: City National Rochdale. As of August 2017.
ECONOMIC AND FINANCIAL INDICATORS
Indicators Are Forward-Looking Three to Six Months
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change in the indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/Weakening Financial Market Impact
Disposable Personal Income/Wages
Monetary Policy U.S. Economic Outlook Consumer Sentiment Yield Curve
Housing/Mortgages Labor Market Interest Rates Consumer Spending Fiscal Policy
Political Environment Leading Indexes Corporate Profit Growth
Business Outlook Spending/Surveys
Global Economic Outlook
Geopolitical Risk Energy Cost Impact Inflation Credit Demand/Availability
Equity Market Valuation
2
Economic and Financial Indicators
City National Rochdale indicators show widespread strength and continue to signal modest U.S. economic growth ahead.
Source: City National Rochdale. As of September 2017.
ECONOMIC AND FINANCIAL INDICATORS
Indicators Are Forward-Looking Three to Six Months
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change in the indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/WeakeningFinancial Market Impact
Disposable Personal Income/Wages
Monetary Policy U.S. Economic Outlook Consumer SentimentYield Curve
Housing/Mortgages Labor Market Interest RatesConsumer Spending Fiscal Policy
Political EnvironmentLeading Indexes Corporate Profit Growth
Business Outlook Spending/Surveys
Global Economic Outlook
Geopolitical RiskEnergy Cost ImpactInflation Credit Demand/Availability
Equity Market Valuation
2
Economic and Financial Indicators
ECONOMIC AND FINANCIAL INDICATORS
Indicators Are Forward-Looking Three to Six Months
City National
Rochdale indicators
show widespread
strength and continue
to signal modest U.S.
economic growth
ahead.
Source: City National Rochdale. As of October 2017.
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change
in the indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/Weakening
Financial Market Impact
Disposable Personal
Income/Wages
Monetary Policy U.S. Economic Outlook Consumer SentimentYield Curve
Housing/Mortgages Labor Market Interest RatesConsumer Spending Fiscal Policy
Political EnvironmentLeading Indexes Corporate Profit
Growth
Business Outlook
Spending/Surveys
Global Economic
Outlook
Geopolitical RiskEnergy Cost ImpactInflation Credit
Demand/Availability
Equity Market Valuation
2
Economic and Financial Indicators
ECONOMIC AND FINANCIAL INDICATORS
Indicators Are Forward-Looking Three to Six Months
City National
Rochdale indicators
show widespread
strength and continue
to signal modest U.S.
economic growth
ahead.
Source: City National Rochdale. As of November 2017.
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change
in the indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/Weakening
Financial Market Impact
Disposable Personal
Income/Wages
Monetary Policy U.S. Economic Outlook Consumer SentimentYield Curve
Housing/Mortgages Labor Market Interest RatesConsumer Spending Fiscal Policy
Political EnvironmentLeading Indexes Corporate Profit
Growth
Business Outlook
Spending/Surveys
Global Economic
Outlook
Geopolitical RiskEnergy Cost ImpactInflation Credit
Demand/Availability
Equity Market Valuation
2
Economic and Financial Indicators
ECONOMIC AND FINANCIAL INDICATORS
Indicators Are Forward-Looking Three to Six Months
City National
Rochdale indicators
show widespread
strength and continue
to signal modest U.S.
economic growth
ahead.
Source: City National Rochdale. As of December 2017.
Speedometer color indicates the magnitude of the impact on economic financial markets. The arrow signifies the directional change
in the indicator. Two arrows indicate a change from the previous month. One arrow indicates that no change occurred.
Positive/Strengthening Negative/Weakening
Financial Market Impact
Disposable Personal
Income/Wages
Monetary Policy U.S. Economic Outlook Consumer SentimentYield Curve
Housing/Mortgages Labor Market Interest RatesConsumer Spending Fiscal Policy
Political EnvironmentLeading Indexes Corporate Profit
Growth
Business Outlook
Spending/Surveys
Global Economic
Outlook
Geopolitical RiskEnergy Cost ImpactInflation Credit
Demand/Availability
Equity Market Valuation
