Latest Research

The stock market wealth effect has been direct and pronounced. But it’s been wearing off, with the subsequent rally after each Fed stimulus weaker than the previous one.

The S&P 500 is now up 30% from last year’s October 4th low - a rally that surely ranks among the least enjoyable and least exploited gain of that magnitude in history.

The U.S. bull market is mature and I believe the odds are better than even that 2013 will see a cyclical top.

We can’t imagine what good could come from Ben Bernanke’s September 13th decision to resume money printing. What is the Fed going to do if another risk event hits and the S&P goes down 15-20%? Pray?

There are twelve critical indexes (using Big Ten math) that have failed to “confirm” September’s new cyclical bull market highs in the S&P 500 and Dow Jones Industrials.

Is it time to reverse the “long U.S. consumer/short China” trade?

Those adopting LDI today are doing so at the least opportune time in more than 60 years.

Our latest testing indicates that relative dollar stability provides the best backdrop for stocks.

A textbook, commodity-like top in gold would be a panicky, spiky event that would take the metal well above $2000.

Our Stock Quality Ranking work currently shows stocks with low quality rankings outperforming those with high quality rankings.

A preview of a forthcoming In Focus Special Study that examines the opportunities - both domestic and global - in the groups involved with processing credit card transactions.

In our framework, Health Care is the number one performer year-to-date by almost five percentage points.

Despite flows out of U.S. focus equity mutual funds, investors remain heavily invested there; while dollars flood into bond funds, they’re also flowing into other varieties of equity funds.

What is the Fed going to do if another risk event hits and the S&P goes down 15-20%? Pray?

Updating our thoughts on our group holding as it continues its recovery. We’re still bullish despite its recent slip into the top of the High Neutral zone.

Does The Market Have A Party Preference In The Presidential Election? Results are a wash, so investors might rethink their assumptions about party affiliation and market performance.

The failed break-out to the upside on the U.S. 10-year yield fits our expectation of a range-bound but higher-volatility environment.

Drug Retail and other related groups could be poised to ride the rising tide of prescription drug spending.

With “That Time Of Year” approaching and the Major Trend Index not too far above the neutral zone, we review nine factors impacting the stock market from a glass-half-empty perspective.

Investor infatuation with portfolio income is higher than ever, just as there is less of it available than at any time in history.