Cyclical Bull
The Stampede That Wasn't
A month ago we suspected June might see a big institutional rush into the stock market. The stampede never came, though, and the market finished essentially flat for the month.
Expect Foreign Stocks to Continue to Outperform U.S. Stocks in this Bull Market
Superior performance of foreign stocks of late is likely only the preamble to what the rest of the cyclical bull market will look like.
The Rally Is For Real (And For Earl)
Despite the recent rally, the best two month move since 1933, investors migrating back to bearish camp. This is the best defined “wall of worry” we have seen in over a decade, and one that will provide more fuel for what we believe is a cyclical bull market.
December Market Action
Many of the broad market indexes climbed to new cyclical highs in late-December, confirming that 2007 is almost certain to begin with a bull market still in command.
View From The North Country
Even before Major Trend Index improved to Neutral, Leuthold was getting more bullish. Also, Is the Sun Rising or is it Setting on Japan?
Third Year Of Bull Market...Now Well Beyond Range Of Typical Bull Market Cycle Peaks
A comparison of the performance of the current stock market recovery to the monthly performance averages of past recoveries (1900 to date).
Assessing The Cycle….Putting Today’s Growth Into A Historical Context
Within the current cycle, the stock market recovery is mature, but based on the average post WWII recovery could still have some upside (S&P 500 to 1400?). Currently, earnings growth is well beyond historical averages, but the economic expansion is below the norm.
Third Year Of Bull Market...Assessing The Current Cycle From A Historical Perspective
A comparison of the performance of the current stock market recovery to the monthly performance averages of past recoveries (1900 to date).
View From The North Country
In my opinion, the U.S. stock market is entering the terminal phase of the current cyclical bull market, based on our historical studies of typical cyclical bull market duration and magnitude. To a lesser degree the same can be said for the economic expansion.
Third Year Of Bull Market...Assessing The Current Cycle From Several Perspectives
A comparison of the performance of the current stock market recovery to the monthly performance averages of past recoveries (1900 to date and post-WWII era).
Third Year Of Bull Market...Very Late In Cycle, But Still Potential Upside
Stock market now it is third year. Based on the average performance, this may be getting long in the tooth.
View From The North Country
A special Kate Welling interview with Steve Leuthold. Discussion runs the gambit from Leuthold’s current outlook for the stock/bond markets, to groups he favors, to liquidity concerns, and hedge funds.
Third Year Of Bull Market...Historical Comparisons
A comparison of the performance of the current stock market recovery to the monthly performance averages of past recoveries (1900 to date).
Performance Expectations For Third Year Of Recovery
Based on study of bear market recoveries dating back to 1900, the third year of the recovery is typically not strong. However, this current recovery has lagged the normal recoveries in terms of performance.
February Market Action
Right out of the gates, February’s stock market performance quickly erased the declines posted in January. But by month end, the S&P 500 had given back some of the ground gained in the first half.
Take A Wait And See Attitude For February
February sure came in like a bull, with the S&P 500 already up 1.8% through February 4th, while the NASDAQ has risen 1.1%.
A Look In The Rearview Mirror...The Best And Worst Of Our Research In 2004
This annual exercise is a critical examination of our research effort for the year...presenting both the things we did well and also those things we didn’t do so well.
Getting Later In The Game For The Bull Run
Getting late in the game for the bull run. This is no longer a young bull market, but we continue to believe the market can still move higher from here.
Tracking The Market Recovery…..A Mature Bull Market
Current recovery tracking below the performance averages of past bear market recoveries.
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March 2026 Issue
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