Inside The Stock Market ...trends, cross-currents, and outlook
Stock Market Downside Limited Based On Current Valuations
Small Caps significant laggards in July, and technicals which had been supporting Small Caps, despite excessive valuations, have now eroded. Small Cap leadership model now negative.
Mutual Fund Flow…..Public Continues To Be Cautious Toward U.S. Equities
Both domestic and foreign market equity funds have seen a big fall-off of interest in the wake of recent market declines.
Market Action After Last Fed Rate Increase
Study of stock market performance following last Fed interest rate hikes indicates no correlation to future stock performance. Investors expecting a big surge based on this being the last hike may be disappointed.
The Homebuilding Group – Value Play Or Value Trap?
Everybody sure hates the Homebuilders. However, contrarians should take note of this month’s analysis of earnings prospects, insider selling/buying, and the outlook for future housing starts. Now is not the time to be bottom fishing here.
View From The North Country
Everybody sure hates the Homebuilders. However, contrarians should take note of this month’s analysis of earnings prospects, insider selling/buying, and the outlook for future housing starts. Now is not the time to be bottom fishing here. Nor is it time to be buying oil stocks.
High P/E Stocks: Becoming A Safe Place To Hide?
Value continues to have leadership position over Growth among Large Cap stocks. Mid Caps also shifting to favor Value, but Growth still leading in the Small Cap tier.
July Market Action
In July, weakness early in the month later transitioned into a comeback rally of sorts for the major stock market indexes.
Weekly New High/New Low Data Not Yet Indicating A Stock Market Bottom
We meticulously comb through the lists of weekly new highs and new lows so that we exclude those derivatives and non-operating companies, in order to get a true picture of the stock market health.
Characteristics Of A Bear Market
Assuming a bear market has already begun, what can be expected?
Show Me The Cash
Which S&P sectors have the most cash, and how may it be put to use?
The VIX: Another View On Buy Signals
There does appear to be some validity to using relative highs on the VIX as short term Buy indicators.
Mutual Fund Flow…..Cracks Forming In Public Confidence
Both domestic and foreign markets have seen confidence crushing declines, causing many investors to pull cash from equity holdings and perhaps direct that cash into safer havens.
View From The North Country
Half time update. Leuthold looks back at December 2005 predictions. Additional comments on Inflation, Corporate Earnings, The Dollar, Oil Prices, Gold, and Federal Budget Deficit.
Q2 Market Action
For the first time since the market low in March 2003, many investors got a chance to remember what a good old fashioned correction felt like.
Market Leaders Examined...The First Shall Become The Last
Stocks that had performed the best over the previous 11 month period got punished the worst in the declining market.
More Life Left In Materials?
The Materials sector moved up to the top position in the latest Sector Power Rankings, based on the number of Attractive and Unattractive groups in each sector.
Attractive Groups Based On Insider Scores
During the last few months, we have been looking at the Insider Selling and Buying among various broad sectors and last month decided to present those specific equity industry groups that currently have the best scores based on the insider patterns of selling and buying.
Update On Japanese Stock Market...Has Our Bullish Outlook Changed?
Notwithstanding the market action in the most recent month, in the longer term we suspect that the Japanese stock market might be less vulnerable than other regions and countries of the world (including the U.S.).
View From The North Country
We may or may not be close to entering a new cyclical bear market, but as we view it, the risk has risen significantly.
The VIX: Volatility Increasing But Still Far From A Buy Signal
During May, the 10 day weighted VIX rose from a level of 11.7 to a peak of 16.7, prompting some to wonder if this work was signaling a buy signal. In fact, the VIX is now at the highest level since mid 2004, but this is still far from a buy signal.