Latest Research

Performance rundown, excluding dividends, for The Leuthold Group's equity market sectors (and other measures) ranked by October's performance.

We are now laying some preliminary plans to “Play the Bounce”, probably initiating positions sometime after mid-December. A look at the first cut of potential buy candidates as compiled by Jim Floyd.

How much have dividends mattered in terms of historical stock market total returns, 1920 to date?

The stock market: What IS different this time? The public's appetite for equity investing continues to top Wall Street’s ability to manufacture supply.

Earnings Momentum still relatively strong, but some fade is evident. More of a fade is expected as later quarterly reports come in.

Bond market rally continues: weaker economic news, lethargic consumer spending, and tame inflation reports increase likelihood of further Fed easing. Other positives include strong foreign buying, and improving fiscal disciplines.

Fat profit margins are stimulating competition and capacity which will ultimately bring margins (and tech stocks) down. Technology fragmenting, but the end is not quite yet in sight.

Weighing In: Updating positives and negatives for stocks...adding earnings momentum as a positive.

Steve's thoughts on borrowing to buy mutual funds, indexing and an eerie post-Halloween graphic.

Weighing In: Updating positives and negatives for stocks...technology leadership is fragmenting — shifting this positive to neutral.

We will be sending out our 1995 “Playing the Bounce” list via a mid-October Interim Memo.

A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by third Quarter performance.

Fear has been long term investors’ greatest enemy, primarily because it keeps them from being long term investors.

Recent market discussion has centered around comparisons of today’s stock market with 1987. In order to summarize the comparisons, we have put together a table containing over 30 factors that have stock market significance.

Forecasts for 1996: Recession not "Soft Landing”, Short term rate cuts, 0% inflation...or less!

Bond market rally continues: weaker economic news, lethargic consumer spending, and tame inflation reports increase likelihood of further Fed easing...other positives include stronger dollar, foreign buying, and declining budget deficit.

Performance of technology subsets is fragmenting. Software and services look the best; Peripherals and Systems the worst. Tech mania comparisons: Adding 1962 to 1969, 1972, 1983, and 1995.

Weighing In: The big positives and the big negatives for stocks...as we see them. Four possible upsets to bullish complacency.

“Tech” manias revisited: comparing P/E ratios and Price/Sales ratios.

Record demand meets record supply. September could be a crucial month.