Latest Research

Dividends do matter, especially as an important component of total return. Also, a recent study published in the Financial Analyst Journal tries to get at the root of large cap, growth stock dominance in the 1990s.

What are the economists missing? Dismal performance by practitioners of a dismal science! Jim Bianco, Bianco Research L.L.C., helps shed some light on the subject: “GDP Reality vs. Perception”.

The Value Tide is coming in (finally). In July, Large Cap, Mid Cap and Small Cap Value all outperformed their “Growth” counterparts by  generous margins.

One thing can be said about the equity fund money flow this year: it just keeps rolling in.

No year in NASDAQ history even approaches this year’s volatility!

The Leuthold Group has set out to create a more realistic assessment of Big, Mid, Small, and Micro cap performance.

After a big bounce in June (+21%), the Internet Insanity Index came back to earth in July with a 7.7% loss.

Is “Value” back? Not certain yet, but our thematic Small Cap Value group was upgraded to Attractive this month due to big jump in GS Score.

Buying Life & Health Insurance giving the Paid To Play Portfolio 12% more exposure to the broad Financial group as Fed tightening may be in its final stages.

The DJIA was the winner among the major stock market indices with its small 0.7% gain. Most of the measures were down in July...the NASDAQ lost 5.0% and the S&P 500 fell 1.6%. Despite the overall market weakness, there were still several groups that did well.

Economy still has considerable momentum, but there are signs of a slowdown in the second half. Still expect further Fed tightening. Expect inflation rates of change to soon peak, then cool off in Q4.

The Leuthold Group monitor of the “smart money” crowd provides reliable information of stock market health. The data reveals big block insider selling has become a significant source of selling pressure in recent years, especially this year.

Per Ray DeVoe, pay increases for the service sector workers are running at a 7%-8% annual rate of increase, compare this to the BLS calculation of +3.5% for this same sector. Steve and Sharon ride the rails through the Scotland highlands.

 Year 2000 is half over...Leuthold Paid To Play equity portfolio concentrated in Energy and Health Care up 7% in June, +33% YTD. Also, today’s huge valuation dichotomy.

NASDAQ Volatility - Unprecedented! First step toward trading in decimals will begin this fall. Barry Small, CEO of Weeden & Co., offers his insights on the impact on liquidity and potential volatility for the U.S. markets.

In 2000, inflows have come in at a record clip. The YTD $160 billion net inflow through the end of June is now about 74% more than 1999’s net inflow over the same six-month period.

YTD offerings of $120 billion have been overtaken by $142 billion in YTD cash  acquisitions.

High levels of selling indicate corporate insiders are cashing in by cashing out of the stock market and this year’s level of selling is unprecedented.

Bear markets and the time to catch up.

The Leuthold Group has set out to create a more realistic assessment of Big, Mid, Small, and Micro cap performance.