Market Action
Major Trend Index Remains Neutral
The U.S. stock market environment seems to be pretty much a continuation of the 1993 frolics, big new supply and continued institutional buying as professionals invest new cash flow from individual investors who don't know that Wall Street can be a two way street.
Scanning the Markets
A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by 1993's performance.
Scanning the Markets
A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by November's performance.
Slight Deterioration, But Major Trend Index Still Positive
As of October 29 the Major Trend had deteriorated to a level of 1.10. Despite this small deterioration, the Major Trend remains in positive ground, so both models will continue to maintain their more aggressive equity exposure.
Scanning the Markets
A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by year to date performance.
Scanning the Markets
September was hardly a run away on the upside, but considering the month of September has been the stock market's poorest performing month (last 40 years), we can't complain.
Bond Market Summary
Long treasuries moved higher during the first half of July buoyed by favorable June inflation numbers and generally weak economic signals. However, most bond prices did an about face in the middle of the month.
Bored and Still Cautious
July has been proclaimed the most boring month by The Boring Institute. From a stock market standpoint, I think June should have been so designated.
Scanning the Markets
A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by 2nd Quarter performance.
Scanning the Markets
A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by 1993 performance to date. It was a wild month for some sectors.
Scanning the Markets
A performance rundown for Leuthold equity market sectors (and other measures) ranked by 1993 performance to date.
Scanning the Markets
A performance rundown for Leuthold equity market sectors (and other measures) ranked by October performance.
Major Trend Index Remains “Negative”
The market averages have not gone down much since this work shifted to negative status, but a lot of stocks have.
Scanning the Markets
A performance rundown for Leuthold equity market sectors (and other measures) ranked by July performance.
Major Trend Index Remains “Negative”
With the Major Trend Index still negative, we remain cowards as far as the U.S. equity market is concerned. It probably takes a brave (or foolish) investor to aggressively buy stocks at current valuation levels with the economic expansion now in doubt.
Scanning the Markets
The DJIA managed to score a 2.6% gain in the second quarter and the S&P 500 edged up 1.1%. But for most managers, it was tough sledding, especially for the heroes of 1992.
Bond Market Summary
June was a rather steady dull month in the bond market but there was a pre-4th of July explosion on the upside as bond market grave dancers cheered the stunning jump in unemployment.
Major Trend Index Remains Bullish
September was a dull narrowly mixed month (best sector +6%, worst sector -6%). But as a whole, the third quarter of 1991 was not bad.
August: A Dull Month (Except for Four Days)
If you had been vacationing on an island with no communication during the last two weeks of August, you’d think from the month to month statistics that August 1991 was a big late summer yawn.
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