Latest Research

This group rallied in June along with many of the other Technology related groups. However, for the YTD, this Internet Insanity Index is still down more than 21%.

One of Jim Floyd’s quantitative screens seeking under owned, overlooked, and out of favor stocks which have potential to be rediscovered. 

The oil play ain’t over yet. Look for this group to move as exploration heats up in second half of year.

Technology stocks led the market again in June, after being hit hard in May.

· Still expect one more rate hike due to rekindling of stock market enthusiasm, prospects of accelerating inflation, and reported wage inflation numbers understated.

The popularity of SPDRs has opened the floodgates for new species: VIPERs, HLDRs, and iSHAREs.

Many consultants and their clients have tightened the style boxes and narrowed the definitions to such a degree that it hamstrings the manager….and it’s detrimental to the client’s long term results.

Kate Welling shares her insight on the recent market action. Also, the 2000 NASDAQ Market...The magnitude and short duration of both the Spring decline and the last few days’  20%+ rally, are a direct reflection of the sad state of liquidity in the NASDAQ market.

This is the most volatile market year for the S&P 500 since 1938.  Now well beyond the 45.1% level recorded in 1974.

Only one week of significant net equity fund redemptions in May. Investors not only buying the rallies but now also buying the declines?

YTD offerings of $107 billion have been overtaken by $108 billion in YTD cash acquisitions. This produces net equity shrink of $1 billion so far this year.

Latest 10-week reading has risen again to another all time high.

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

The Internet Insanity Index has continued to deflate rapidly with a 17.3% loss recorded in May.

Despite weaker economic news, still expect Fed to bump rates up at least once more.

Activating “Natural Gas Play” thematic group, which was upgraded to attractive this month. Charley Maxwell says it’s not too late.

Despite the painful tech market in May, with the S&P 500 down 2.2% and the NASDAQ down 11.9%, there were several groups performing well.

Earnings Momentum appears to have slipped some in Q1. Peak earnings momentum now behind us. Expect slowdown, as economy cools and cost pressures heat up.

Further Fed tightening to come…..Next few month inflation news likely to be scary.

Special reprint of Steve Leuthold, Byron Wien and Charley Maxwell conference call from early April.