Green Book February 2006
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Featured Articles
Digging Into Consumer Groups
An analysis of underlying factors that may be hindering the consumer groups, both “discretionary” and “staples,” from making a showing in our Attractive rankings.
Economic Outlook
It may be difficult for the economy to prolong its expansion, with the auto and housing sectors weakening and consumer spending being a big question mark.
February 1st: Investors' Groundhog Day
We wondered whether or not strong relative sector price action during January tended to persist for the remaining eleven months of the year. During the last 16 years, evidence proves that the strength does persist.
February 2006 Special Research Study....Identifying LBO Candidates
Be sure to check out our new In Focus Special Study, sent to research clients in early February. In it we screen for potential LBO candidates.
Inflation Watch
Expecting economy to slow in 2006, with possibility of recession developing late in the year. Energy prices remain a wild card.
Initiated A Position In Japanese Equities
Used market weakness in Tokyo to begin building position in Japanese equities.
Is The Inverted Yield Curve Signaling An Equity Bear Market?
Jim Floyd looks at yield curve inversion as a predictor of bear markets. There is some correlation, but the relationship is far from perfect.
January Market Action
Although the performance hurdle had not been set very high, many of the stock market indexes posted gains in January that beat (or rivaled) the gains for the entire year of 2005.
Mutual Fund Flow…..Foreign Funds Continue To Draw The Most Cash Flow
It was looking to be a fairly good month in terms of net cash flow until the third week of January when domestic equity ETFs were socked with nearly $7.5 billion of outflow (which we are certain was institutional activity).
New Select Industries Group Position– Homeland Security
Establishing new Select Industries Equity Portfolio position in Homeland Security, which replaces the deactivated Home Entertainment Software.
Playing The Bounce Update: Good Bounce In January
Small caps and large caps had a nice bounce in January, so-so for mid caps.
Tech Watch Revisited – Examining The Bullish Case For Info Tech
Technology continues to be a hot topic. This month’s “Inside The Stock Market” takes an objective look at the Tech sector.
Update On The Economy….Q4 Just A Bump In The Road...Or Something More?
Real GDP in Q4 was not too robust, but the numbers will likely be revised upward.
View From The North Country
Metals stocks have already had a good strong run, and have been held in our portfolio for four years now. Despite the strong gains there is still significant upside when looking at inflation adjusted prices, and the strong demand/limited supply.
Table of Contents
Stock Market
- View From The North Country
- January Market Action
- Tech Watch Revisited – Examining The Bullish Case For Info Tech
- Update On The Economy….Q4 Just A Bump In The Road...Or Something More?
- Is The Inverted Yield Curve Signaling An Equity Bear Market?
- February 1st: Investors' Groundhog Day
- February 2006 Special Research Study....Identifying LBO Candidates
- Mutual Fund Flow…..Foreign Funds Continue To Draw The Most Cash Flow
- Playing The Bounce Update: Good Bounce In January
Of Special Interest
Macro Monitor
Equity Strategies
Inflation Watch
Digging Into Consumer Groups
An analysis of underlying factors that may be hindering the consumer groups, both “discretionary” and “staples,” from making a showing in our Attractive rankings.
Economic Outlook
It may be difficult for the economy to prolong its expansion, with the auto and housing sectors weakening and consumer spending being a big question mark.
February 1st: Investors' Groundhog Day
We wondered whether or not strong relative sector price action during January tended to persist for the remaining eleven months of the year. During the last 16 years, evidence proves that the strength does persist.
February 2006 Special Research Study....Identifying LBO Candidates
Be sure to check out our new In Focus Special Study, sent to research clients in early February. In it we screen for potential LBO candidates.
Inflation Watch
Expecting economy to slow in 2006, with possibility of recession developing late in the year. Energy prices remain a wild card.
Initiated A Position In Japanese Equities
Used market weakness in Tokyo to begin building position in Japanese equities.
Is The Inverted Yield Curve Signaling An Equity Bear Market?
Jim Floyd looks at yield curve inversion as a predictor of bear markets. There is some correlation, but the relationship is far from perfect.
January Market Action
Although the performance hurdle had not been set very high, many of the stock market indexes posted gains in January that beat (or rivaled) the gains for the entire year of 2005.
Mutual Fund Flow…..Foreign Funds Continue To Draw The Most Cash Flow
It was looking to be a fairly good month in terms of net cash flow until the third week of January when domestic equity ETFs were socked with nearly $7.5 billion of outflow (which we are certain was institutional activity).
New Select Industries Group Position– Homeland Security
Establishing new Select Industries Equity Portfolio position in Homeland Security, which replaces the deactivated Home Entertainment Software.
Playing The Bounce Update: Good Bounce In January
Small caps and large caps had a nice bounce in January, so-so for mid caps.
Tech Watch Revisited – Examining The Bullish Case For Info Tech
Technology continues to be a hot topic. This month’s “Inside The Stock Market” takes an objective look at the Tech sector.
Update On The Economy….Q4 Just A Bump In The Road...Or Something More?
Real GDP in Q4 was not too robust, but the numbers will likely be revised upward.
View From The North Country
Metals stocks have already had a good strong run, and have been held in our portfolio for four years now. Despite the strong gains there is still significant upside when looking at inflation adjusted prices, and the strong demand/limited supply.
Stock Market
- View From The North Country
- January Market Action
- Tech Watch Revisited – Examining The Bullish Case For Info Tech
- Update On The Economy….Q4 Just A Bump In The Road...Or Something More?
- Is The Inverted Yield Curve Signaling An Equity Bear Market?
- February 1st: Investors' Groundhog Day
- February 2006 Special Research Study....Identifying LBO Candidates
- Mutual Fund Flow…..Foreign Funds Continue To Draw The Most Cash Flow
- Playing The Bounce Update: Good Bounce In January