Latest Research

With the Major Trend Index now in “neutral” territory, and several well-known market strategists urging increased caution and risk awareness, we offer our perspective on defensive investing from the standpoint of our group work.

Corporate leverage is likely to plateau in the second half of the year, helped by a much improved Energy sector.

With the “Goldilocks” scenario still intact, we believe earning the carry is the right approach and high grade credit fits the bill.

If we look beyond the daily noise from North Korea, the global macro picture still fits our “Goldilocks” view pretty well.

This morning’s weaker-than-expected reading on wage inflation will no doubt boost applications to the “lower for longer” school of thought on interest rates…

Read this week's Major Trend.

This year’s cooperative bond market hasn’t helped rekindle much enthusiasm for bond-like stocks like the REITs and the Dividend Aristocrats, which are up 3% and 6% YTD, respectively, compared with a 9% gain in the S&P 500.

Read this week's Major Trend.

The end of August means the second quarter earnings season is almost in the books.

Read this week's Major Trend Index.

With this week’s losses, Small Caps have relinquished all of the massive outperformance they enjoyed in the month following the presidential election.

Read this week's Major Trend Index.

Many studies have evaluated momentum factors for over/underweighting country exposures within a portfolio, but few have considered valuation factors for country rotation within the Emerging Market space.

The great mystery behind the trade-weighted dollar’s nearly-10% YTD decline is that it’s failed to fuel further gains (or any gains) in commodity prices in 2017.

Given our money management mantra of “making it and keeping it,” we can’t imagine we’ll ever get comfortable with crypto-currencies.

Last year’s “low-risk” BUY signals from our Very Long Term (VLT) Momentum algorithm have proven very profitable, but enough time has elapsed that they should no longer be considered an important bullish factor.

The stock market has a tendency to lay an egg during years ending in “7,” specifically during the late summer and fall… ‘Year Seven’ also tends to see a massive volatility spike…

Is stock market volatility so low that it’s a bad thing? For volatility sellers, the answer is an unequivocal yes. But for stock market investors, the answer isn’t so clear.

Does the last few weeks’ stumble in the Dow Jones Transportation Average foretell anything sinister? Not on the face of it.