Inside The Stock Market ...trends, cross-currents, and outlook
Stock Market Supply/Demand
U.S. focus equity fund net inflow of $15 billion is estimated for May, which is somewhat less than the $17.5 billion net inflow in April, but somewhat more than $13.2 billion net inflow last May.
Volatility Update...No Significant Signs Of Slowing Volatility Yet
So far in 2001, 62% of trading days qualify as Extreme Volatility compared to the historical norm of 4% since 1971.
April Mutual Fund Flows: Net Inflow Returns In April
U.S. focus equity fund net inflow of $15 billion is estimated for April. This reverses the record level $15.7 billion monthly outflow in March.
Insider Block Measures...Insiders Not Buying This Dip
Despite stock price corrections in the last year, significant net selling continues among the “smart money”.
View From The North Country
I am positive about today’s stock market, but there are some considerations that could cause my optimism to be premature. A bubble/bust comparison between the great gold and silver bubble of 1979-1980 versus the 1998-present Internet sector. Not all single digit stocks should be shunned.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
Earnings Down, Market Up
Some may disagree, but a number of classic bull market transition elements are in place. Also, falling Earnings are not reason to stay away from the stock market. Superior performance comes in the years earnings are falling the most.
Index Sector Weights and Comparisons With Sales and Earnings
New series compares index industry sector weights with sales and earnings contributions.
Market Breadth Update
Based on the weekly Advance/Decline line, market breadth has improved considerably. This is evidence of a much stronger underlying stock market than the S&P 500 and other measures might indicate.
Volatility Update...No Significant Signs Of Slowing Volatility Yet
In 2000, the NASDAQ was the most volatile it had ever been. However, in 2001, new standards are being set.
March Mutual Fund Flows: Net Redemptions In March
U.S. focus equity fund net redemptions of $11 billion are estimated for March.
View From The North Country
Increased disclosure of mutual fund holdings detrimental to investment performance.
Insider Block Measures...Looks Like Insiders Were Right
In the last ten weeks, a total of $9.8 billion of big block net insider sales have occurred.
April Is The "Opportunity" Month
Bear market broadened out in late March to include other than technology sectors. Never before have so many lost so much.…There is plenty of blame to go around. Academia, The Street, the Media, the “Experts” to name a few.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
Market Breadth Update
Despite the market’s weakness in March, the breadth experienced some deterioration in the last half of the month.
NASDAQ Performance In Longer Term Perspective
How have sharp declines of the past year affected performance over longer time horizons?
Year/Year Equity Group Performance: Wide Dichotomy
The 10 best and 10 worst performing equity groups over the last twelve months.
View From The North Country
Navigating safely through the current, turbulent market environment requires more experience, knowledge and training.
Be A Buyer, Not A Seller
Stock selection in a recession is a different ball game! A look at some of the rules and the traps when investing during a recession. The Bullish Message Of Breadth: Demonstration of how divergences between the S&P 500 and the A/D Lines have denoted market tops and market strength.