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HIGHLIGHTS 2 Economic and Financial Indicators - January 2017 Indicators are Forward-looking Three to Six Months 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
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Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

Jun 02, 2020

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Page 1: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

HIGHLIGHTS

2

Economic and Financial Indicators - January 2017 Indicators are Forward-looking Three to Six Months

Source: City National Rochdale. As of January 2017.

ECONOMIC & FINANCIAL INDICATORS

Indicators signal modest U.S.economic growth ahead

Trump victory raisessignificant policy uncertainty

Healthy consumer and laborfundamentals

Fiscal stimulus should helpboost growth

Fed policy stillaccommodative, buteffectiveness waning

Steady housing recoverycontinues

Uncertain politicalenvironment = lower businessconfidence

Trade protectionism anotherchallenge for global economy

Valuations appear “full andfair”

Corporate profit growth setfor 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

Page 2: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

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

Page 3: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

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

Page 4: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

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

Page 5: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

2

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

Economic and Financial Indicators - May 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

Page 6: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

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

Page 7: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

2

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

Economic and Financial Indicators - July 2017Indicators 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

Page 8: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

2

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

Economic and Financial Indicators - August 2017 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

Page 9: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

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

Page 10: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

2

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

Economic and Financial Indicators - September, 2017Indicators 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

Page 11: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

Economic and Financial Indicators - October, 2017

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.

ECONOMIC OUTLOOK

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 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

20

Page 12: Economic and Financial Indicators - January 2017 · Economic and Financial Indicators - September, 2017 Indicators Are Forward-Looking Three to Six Months Speedometer color indicates

3

IMPORTANT DISCLOSURES

The information presented does not involve the rendering of personalized investment, financial, legal or tax advice. This presentation is not an offer to buy or sell, or a solicitation of any offer to buy or sell any of the securities mentioned herein.

Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results and are based primarily upon a hypothetical set of assumptions applied to certain historical financial information. Certain information has been provided by third-party sources and, although believed to be reliable, it has not been independently verified and its accuracy or completeness cannot be guaranteed.

Any opinions, projections, forecasts, and forward-looking statements presented herein are valid as of the date of this document and are subject to change.

The indicators reflect forecasts of a 3 to 6 month time horizon. The colors of each indicator, as well as the direction of the arrows represent our positive/negative/neutral view for each indicator. Thus, arrows directed towards the (+) sign represents a positive view which in turn makes it green. Arrows directed towards the (-) sign represents a negative view which in turn makes it red. Arrows that land in the middle of the indicator, in line with the (0), represents a neutral view which in turn makes it yellow. All of these indicators combined affect City National Rochdale’s overall outlook of the economy.

Kim Creque
Typewritten Text
Barbara L. Klenovich, CFP | 4456 S. Whispering Circle | Colorado Springs, CO 80917 | (719) 550-4150 Securities, insurance, and advisory services offered through FSC Securities Corporation, member FINRA/SIPC | Tax Preparation offered through Barbara L. Klenovich are independent of FSC Securities Corporation City National Rochdale Investment Management is not affiliated with FSC Securities Corporation
Kim Creque
Typewritten Text
There are no guarantees that these results will be achieved.
Kim Creque
Typewritten Text
Past performance is not a guarantee of future results.