Leadership
Tracking Shifts In Market Capitalization Leadership
A unique way to monitor and react to changing stock market capitalization leadership trends. This new study examines the percent of stocks lagging the S&P 500, segmented by capitalization tiers.
It's August...Stay In Touch
What happened to the markets in July?..…No obvious major factor for decline. The daily stock market chart of July 1999 is close to a carbon copy of July 1998. Will history repeat itself in August? Let’s hope not.
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?
View From The North Country
Transcript from late February conference call with Steve Leuthold and Byron Wien covering a wide spectrum of timely investment topics.
Back on the Sidelines
Back on sidelines again, Major Trend Index negative. Stage being set for a huge small cap market.
Worth Noting
Steve’s thoughts on 1998 Stock Market Leadership, Volatility, Japan, Gold and Inflation.
Technology Market Leadership Re-Examined
Composite Leuthold technology sector not exhibiting characteristics of market leadership. But, new Leuthold Big 10 Technology Sector (largest 10 tech names) tells quite a different story.
Has the Market Lost Technology Leadership?
In 1996, and so far in 1997, the broad based technology move has been breaking down. The relative strength line of the Technology Composite index tells the story.
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.
The Shift to Secondary Stocks: Is It For Real?
February was a darn good month for secondary stocks. Most of our measures of secondary stock relative momentum broke their 3-4 year downtrends. We are now operating under the assumption that a significant shift in market character has occurred.
Should You Swear Off Secondary Stocks?
Some of our clients are taking a pledge to never again buy secondary stocks, especially OTC issues. We urge you not to take this same pledge. Since mid-1983 secondary stocks have lagged badly, but this is not typical.
Inside the Stock Market
The Major Trend Index improved slightly but remains negative, as it has since mid June. The October rally was no surprise and could carry farther, momentarily making new highs in DJIA and S&P 500 (but not broader measures). A major cyclical bull market top in progress. Watch out. View rally as selling opportunity.
What’s New with Investment Concepts?
This update on our research presents three areas of potential interest and also explains why we don’t put much (if any) stock in the fast, coming into vogue “demographic plays.”
Perception for the Professional
March 2026 Issue
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March 2026 Issue
