Day Hagan/Ned Davis Research Smart Sector® Monthly Strategy Update December 8, 2021

U.S. MARKET UPDATE During November, NDR’s global risk-off composite outpaced its risk-on counterpart by more than 500 basis points (bps), it’s largest one-month spread since March 2020. The growing risk-off appetite has been apparent in the Catastrophic Stop model (chart at bottom). At the...