Latest Research

Because of the huge current stock market significance of sustained public inflows into equity funds, we are now monitoring these flows on a weekly basis.

A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by performance over the last three months.

S&P performance gets “tech-less”. Tech stocks have only added 4% to YTD S&P performance and only 11% since 1970.

Testing of this indicator has offered some strong evidence that potential returns from today's level could be quite minimal.

Bond market rally rekindles, as consensus changes from “one and done” to possibility of further easing...other positives include stronger dollar and foreign buying.

Back in 1972, an elite group of companies had been identified as offering guaranteed growth in the future. These were christened the “Nifty Fifty”. Subsequent market performance of these chosen companies is presented herein.

Beginning of the end for tech stocks? Maybe not. More “new era” speak — a.k.a. justifications for an overvalued equity market.

Four possible upsets to bullish complacency.

A listing of the 50 best and 50 worst year to date performers in the S&P 500 (through the end of July).

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

Steve’s notes on revising the GDP calculation, market implications of discount rate cut, stock market capitalization as a percentage of the GDP and more.

Supply/Demand: $11.2 billion net cash into U.S. focus equity funds versus $9 billion of equity offerings in July.

This month we are activating the “Net Net Working Capital” (NNWC) screen as an active part of the Equity Portfolio. NNWC is a modified working capital analysis which, in some cases, is useful in making preliminary, liquidity based company valuations.

Will the technology stocks continue their market leadership, or is a high tech wreck about to commence?

Does an “Information Revolution” justify unprecedented equity valuations for the broad market? Another downward inflation revision and a novel way to promote Social Security reform.

Bond market rally sputters, as consensus changes from multiple Fed rate cuts to “one and done”. Greenspan upbeat assessment of economy chokes off further bond advance.

Who's leading the bull market charge? Unsophisticated investors?

The basic question is, what might motivate the Teflon market to initially suffer a period of weakness?

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

$8 billion net inflow to Domestic Equity Funds in June. New and secondary equity offerings picking up, big block insider sale at record high (in dollars).