Latest Research

Is the Fed ready to buy Ten Year Treasuries, if necessary to stimulate the economy? This could certainly lead to another housing/refi boom, but will it be the catalyst to boost business spending/borrowing? We think not.

A look at favoritism shifts in broad economic sectors, 1977 to date. Large weights prone to correction.

Technology stocks up BIG in April. The NASDAQ gained 9.2% for the month, secondonly to the Russell 2000 in terms of performance.

“View From The North Country” this month highlights several prior periods of “scary” market environments. In retrospect, all provided excellent buying opportunities.

Equity Portfolio concentrated in Health Care and Technology. Looking ahead to other potential areas of leadership: Oil Patch, Telecom Survivors, Airlines, and Unregulated Energy Producers.

On March 11th, the stock market made a new low for the year. But in anticipation of a final resolution with Saddam Hussein, the market bounced off those lows and closed higher for eight trading days in a row.

Past history shows the market can recover in spite of an absence of Main Street support.

A recently released survey of over 500 large and mid size employers found that the employee participation rate in 401(k) plans dropped to a level not seen since the early 1990s.

In Q1, the instances of High Volatility in the S&P 500 was at the fifth highest level dating back to 1900.

The latest 10-week reading of 0.27% has risen back into the normal zone after spending six weeks in bullish territory.

Each month, we get a number of client questions via meetings, phone calls, and e-mails regarding various aspects of our research.

Both ratios still bullish.

A new group of companies that we think have a good shot at being involved in the reconstruction of Iraq.

The S&P 500 was up 0.8% in March, but ended Q1 down 3.6%.

New bond market timing tool discovered. Testing reveals it has a remarkable forecasting record. Currently signaling bond market top!

We’ve carved out subsets from Wall Street’s oversimplified classification of drug stocks.

The broad Tech sector is down significantly from all time highs, but is still not cheap by traditional measures.

Consumer confidence now dismal. Historical analysis however indicates that good buying opportunities are typically found during periods of extreme pessimism. Currently view Conference Board measure as a stock market positive!

Buying opportunity at hand. Stock market professionals should be anticipating, not reacting. Today, I view current market malaise as a potentially outstanding buying opportunity.

Expect the S&P 500 financial weighting to fall to 14% or so over the next two years, as they underperform the overall S&P 500 index.