Cyclical Bull
View From The North Country
Continue to conclude the cyclical bull market prevails but my level of conviction is down a few notches. Also, an oil message from the market and “Don’t Be Economic Girlie Men”.
Reading The Tea Leaves The Stock Market One Year Ago...vs. Today
A comparison of today’s market conditions compared to one year ago. We look at valuations, sentiment, group leadership and Major Trend categories.
A Look In The Rearview Mirror
This month’s “Of Special Interest” presents a critical review of what we thought was the best of The Leuthold Group’s work in 2003 and what was the worst.
A Half-Time Report
Economy will pick up steam in the second half, sustaining the already in progress earnings recovery. Also, Cyclical rally targets and equity leadership going into the second half.
Building A Head Of Steam
Based on cyclical bull market recovery from 1973-1974 secular bear market. There is still significant stock market upside from May’s month end price levels.
This Is Still A Cyclical Bull Market
Still bullish on stock market, expecting cyclical bull market to extend into 2004. Very worried that any easing of tensions in Iraq or Venezuela will bring crude prices down hard and fast.
A New Cyclical Bull Market
Continued positive economic data. Q3 GDP up 3.1%. Initial unemployment claims trending down. Capex is rising. Group leadership in early stages of recovery: big initial Tech and Telecom bounce from the October 9th low, but will it be sustained?
Birth of the Bull
The stock market appears to have made a cyclical bear market low. The Early Warning Index of market bottoms, which turned Positive last issue (Feb. 26) has been confirmed by a move from Neutral to Positive by Major Trend Index. Equity earmarked funds should be put to work now.
Perception for the Professional
March 2026 Issue
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March 2026 Issue
