Energy
Reprint Of Early April Conference Call
Special reprint of Steve Leuthold, Byron Wien and Charley Maxwell conference call from early April.
Future Stock Market Sector Leadership
We believe Energy and Health Care are now moving into leadership positions.
New Select Industries Group Holding: Oil Services...Lookin' Mighty Slick
This oversold group has already begun recovery from early-1999 lows, but is still down 44% from 1997 high.
View From The North Country
With margin debt soaring, it’s past time for the Fed to boost margin requirements. Charlie Maxwell offers unique insights on the oil patch. Rapidly deteriorating U.S./China relationship could have severe implications.
Technology and Financial Sectors, Together Now Make Up 35% of U.S.Stock Market
BROAD SECTOR PERCENTAGE BREAKDOWN BY 3000 STOCK UNIVERSE
Energy…Global Giants: Oil Could Be a Slick Investment
New sector activated with a focus on the major oil companies from around the world.
Energy…Natural Gas: Increasing Portfolio Holdings
Boosting commitments in Natural Gas by 3%. Sector has ranked in the Most Attractive category for seven straight months.
Clean Energy: Now Employed in Both Portfolios
“Clean Energy” is being added to the Conventional Equity Portfolio in early July as an 11% holding. After underperforming since 1993, the sector may be poised for a take-off. There is a good relative strength bottom in place.
A Tactical Move into the Oils?
While a move of 15%-20% more from current levels would not be surprising, all things considered, we have decided not to partake of this “opportunity.”
What About the Oils?
Energy market weight now down to 20%, from 32% in late 1980. Historic weighting has been 17%. The worst part of the “round trip” may be close to over. Good rally expected in the next 90 days, but new long-term leadership is not in the cards.
Perception for the Professional
March 2026 Issue
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Sector Navigator
March 2026 Issue
