Market Action
Scanning the Markets
Performance rundowns for The Leuthold Group’s equity market sectors ranked by November performance.
The Current Stock Market Environment
After wavering in neutral several weeks, Major Trend Index turned negative November 24...Go to sidelines. Market rallied strongly in November but fund investors uncharacteristically stayed on the sidelines. Is this increased caution or seasonality?
Scanning the Markets
Only nine of the 75 sectors tracked moved higher in October. Small caps shifted back to underperformers by going down more than the Big Cap Indices. Technology was devastated.
The Greatest Drama on Television?
Major Trend Index downshifts to neutral. Big loss in Technical measures due to late October sell off. We are in a critical market period...Have Mr. And Ms. Main-Street become more skittish after experiencing a dose of downside risk?
Scanning the Markets
Contrary to August, when the S&P 500 was beaten by 93% of the sectors tracked, September saw more normal action.
Scanning the Markets
Big caps lost favor in August, as the S&P 500 beat only five of the 72 sectors, while the DJIA only managed to outperform two sectors.
Scanning the Markets
On a YTD basis, the DJIA and S&P 500 indices have now beaten more than 75% of the sectors we track. Big caps have so far clearly dominated over most of 1997.
Scanning the Markets
In June, the DJIA and S&P 500 again exerted their dominance, as each outperformed about 70% of the sectors we track. On a YTD basis, these two market indices have now beaten about 80% of the sectors.
Scanning the Markets
There was a significant role reversal in May, as small caps significantly outperformed large caps. As a result, about 65% of the sectors we track outperformed the DJIA and S&P 500.
Scanning the Markets
Narrowness in the stock market was very evident in April, as the DJIA’s 6.3% gain was better than 70 of the 78 sectors we track (90%).
Getting Back Together On The Upside
Impressive rally did not alter Negative status of Major Trend Index. S&P 500 beat 90% of sectors in April. Earnings holding up well in Q1, but margins likely to shrink as the year progresses.
Scanning the Markets
Breadth improved in March, with 41% of the sectors outperforming both the S&P 500 and the DJIA. During the first two months of 1997, only 18 of 71 sectors were able to outperform these measures.
Scanning the Markets
Year to date, both the DJIA and the S&P 500 have outperformed 55 of the 73 sectors we track (75%).
Scanning the Markets
Technology was a big winner in November, with 8 of the top 20 sectors being technology related.
Year-End Cross Currents Start Early
While September was a surprisingly strong month, October was just confusing. Year-end cross currents seem to have started early this year. Major Trend Index now just barely in neutral territory with a ratio of 0.95.
Scanning the Markets
A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by October performance.
A September Surprise (To Me)
September a surprisingly strong month, with 4%-5% gains for most market indices. Significant MTI improvement, but still a ways from Neutral.
Scanning the Markets
Performance rundowns for The Leuthold Group's equity market sectors (and other measures) ranked by third quarter performance.
Scanning the Markets
Performance rundowns for The Leuthold Group's equity market sectors (and other measures) ranked by August performance.
Scanning the Markets
Performance rundowns for The Leuthold Group's equity market sectors (and other measures) ranked by July performance.