Earnings
View From The North Country
Navigating safely through the current, turbulent market environment requires more experience, knowledge and training.
A Weak Economy With A Strong Stock Market?
Earnings are declining and economy has slowed. Just why are we buying stocks?
View From The North Country
Thermal pollution time again: Steve’s New Year predictions for the economy and his market outlook, including a look back at last year’s forecasts.
View From The North Country
Leuthold’s current point of view and outlook regarding the Economy, Interest Rates, Inflation, and Earnings.
Earnings Data Signaling Slowdown Ahead?
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.
Volatility 2000 Continues
Modifications to Major Trend Index improve reading, but MTI is still very negative.
September…A New Investment Season Begins
September-October, two months to be wary of.
Time To Shift Into Mid Caps?
Advise clients mandated to be fully invested to move assets away from Large Cap institutional favorites and into Mid/Small cap names.
Making The Case For Mid Caps
For managers who are mandated to stay fully invested, Mid Caps make pretty good sense as a replacement for extremely overvalued Nifty Fifty stocks.
Profitless Prosperity
Earnings are declining, while stock prices are marching higher. GDP strong, but corporate profits have weakened considerably.
Earnings Data Sending Conflicting Signals
Up/Down earnings ratio continues to point toward slowing momentum. Last month's ratio (data for complete third quarter) was lowest reading since the beginning of the current economic expansion.
SEC Cracking Down on Managed Earnings Abuses
On September 28, SEC Chairman Arthur Levitt announced a new “get tough” policy toward restructuring charges, write-offs and other managed earnings abuses. What follows are rather extensive extracts from Levitt’s speech.
How Long Can This Go On?
Unless earnings begin to show strong signs of growth (not evident at present), the stock market is clearly still ahead of itself (even after the decline).
Out of Synch
Unless earnings begin to show strong signs of growth (not evident at present), the stock market is clearly still ahead of itself (even after the August decline).
Major Stock Market Positives and Negatives
Steve’s personal judgements and opinions incorporating observations, experience and gut feelings, going beyond the quantitative aspects of the Major Trend Index disciplines.
How Long Can This Go On?
Q4 1991 through Q2 1995, earnings growth and the stock market were in synch... not anymore.
Major Trend Back to Negative
Major Trend back to Negative...Both Asset Allocation Portfolios shifted to their most defensive posture ever. Steve's judgements and opinions on major stock market positives and negatives.
The Demise of the Earnings Momentum Investor
The demise of the earnings momentum investor: continuing success of this numbers game is being increasingly threatened by earnings pre-announcements.
Broad Sector Earnings Momentum
Using the broad sector component stocks, Jim Floyd calculates the Leuthold Weighted year over year, quarterly operating earnings gain (or loss) utilizing the companies in each sector.
Major Stock Market Positives and Negatives
A review of the significant stock market positives and negatives as I currently see them.
Perception for the Professional
March 2026 Issue
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March 2026 Issue
