Latest Research

Homefurnishing Retail, Property & Casualty, and Technology Distributors are among the month’s intriguing opportunities based on the current Group Selection (GS) Scores.

Shifting consumer preferences and the relentless rise of e-commerce are changing the sector’s beneficiaries of the healthy backdrop away from retail, yet other Discretionary opportunities abound outside of the traditional retail groups.

With the “Trump Trade” in question, investors have been flocking to companies delivering tangible results.

We recommend going up in quality across the whole fixed income spectrum.

We recommend going up in quality across the whole fixed income spectrum.

The tapering of QE, clearly a tightening move, complicates the definition of the current tightening cycle.

The MTI remains safely in the positive zone. Accordingly, equity exposure is currently positioned at 67%, near the high end of our bullish range of 50-70%.

Read this week's Major Trend Index.

This multi-factor estimate of stock market risk is based on a regression to median stock market levels.

We examine past capex spending patterns and identify industries with sales growth rates that have historically been the most responsive to capex cycles.

Read this week's Major Trend Index.

In February, NYSE Margin Debt finally edged above its prior record established in April 2015, a certain sign—according to many bears—that stock market speculation has reached a fever pitch.

Read this week's Major Trend Index.

Given the flood of assets into passive equity mutual funds, it’s a mathematical certainty that some unlucky investor will make his or her first purchase of the SPDR S&P 500 Trust on the exact day of the eventual bull market high.

Read this week's Major Trend Index.

For months on end, the Dow Jones Utilities has been the only bellwether group not to participate in the parade of new bull market highs.

Read this week's Major Trend Index.

The latest Green Book highlighted the unusual divergence between crude oil and the relative performance of the S&P 500 Energy sector. Crude prices had—until this week—been trading near 18-month highs, while the relative strength of Energy stocks had slipped back towards January 2016 lows.

Low Volatility was in favor once again during February after struggling the previous month. Starting in September, the factor has continuously reversed the previous month’s performance.