Leadership Cycles
Small vs. Large Cap Leadership...Small Cap Domination Also Getting Late In The Game
Still prefer the Small caps over Large caps, despite the fact that small caps are now selling at 1% premium relative to large caps, and that the small cap leadership phase is getting long in the tooth.
Small Cap Leadership…..7th Inning, But Game Could Be Rained Out At Any Moment
Our equity exposure still overweight in small and mid cap stocks, but we expect the market is progressing to a state of parity.
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.
Have Cyclicals Become the New Market Leaders?
There were unprecedented sudden and dramatic changes in market character in April. Have Cyclicals become the new market leaders? Is Value investing finally going to start paying off again? Is the extended period of small cap underperformance finally over?
Why We Are Buying Big Cap Growth Stocks Now
Big cap growth stocks appear to be in the early stages of regaining leadership from the “tired” cyclicals and “overvalued” value stocks.
In Search of Blue Chip Growth Stocks
Growth stocks have been out of favor over the past 3-4 year, but look poised to regain leadership over the next 6-12 months.
What Seven Year Cycle?
While we currently believe small cap and secondary stocks will be superior performers in the foreseeable future, we have no idea how long this phase might last. Don't pay any attention to this seven year cycle hogwash.
Making Up For June in July
In July, the stock and bond markets pretty much moved in lock step and recovered what June gave away. Secondary stocks did not as a class fare quite so well.
Prospects: Gilt Edged Growth, Cyclicals and Value Stocks
If you have major positions in the select list of 1990 “Hero” stocks (those big growth names that are up on the year), when should you start trimming back (if ever)? When should you start looking at cyclicals (if ever)? When should you start looking at cheap value stocks (if ever)?
Perception for the Professional
March 2026 Issue
Featured Articles
Sector Navigator
March 2026 Issue
