Latest Research

Small cap premium spikes back up.

Value strong again in Q2.

S&P 500: Equal Weighted better in june.

Info Tech is largest sector weight in domestic AdvantHedge; Consumer Discretionary is heaviest sector weight in Global AdvantHedge.

Select Industries new purchases: Integrated Oil, Semiconductors, Water Utilities; Global Industries added to Energy, Technology, and Financials.

Both Portfolios lagged all-equity benchmarks in June; but still ahead YTD.

The Major Trend Index rises 0.02 to 1.13 for the week ending June 27, 2014.

Within two broad categories – domestic equity funds and bond funds - mutual funds versus ETFs continue to display opposite flow trends.

The Major Trend Index registered a third consecutive small loss in the week ended June 20th, falling 0.02 to 1.11.

Bond mutual funds continue to capture net inflows while their ETF counterparts have seen net outflows for three straight weeks. Domestic equity mutual funds see more net outflows, but (barely) hang on to positive YTD flows.

The Momentum/Breadth/Divergence category lost -25 points on the week, triggered by a shift in a momentum sub-model that has been very volatile in the past several weeks.

Bond ETFs, Domestic Equity Mutual Funds and Money Market Funds see weekly net outflows, while all other broad categories experience net inflows.

The Major Trend Index fell 0.01 to 1.15 in the week ended June 6th, with sizable changes in three categories largely cancelling one another out.

Domestic equity mutual funds recorded estimated net inflows for the first time in eight weeks, and domestic ETF flows are now positive YTD.  Bond ETFs saw net outflows for the first time in nine weeks.

The 2013 flow comparator for bond mutual funds begins to decline as we reach the anniversary of a marked month.

After sinking to a four-month low of 1.10 mid-month, the MTI rallied in the final two weeks of May to close the month at 1.16—unchanged from the reading four weeks earlier.

Timing a dividend strategy based on interest rate trends is futile. Look for quality of dividend payers for long-term success.

A good rule of thumb for fundamental forecasters is that projected events almost invariably take much longer than anticipated to occur, but then—once underway—unfold with much greater speed and power than originally expected (think subprime).

The year’s second biggest surprise (next to the relentless drop in bond yields) might be the YTD bounce in the major commodity indexes.