Market Action
July Market Action
Strong July stock market could continue into the dog days of August.
View From The North Country
In my opinion, the U.S. stock market is entering the terminal phase of the current cyclical bull market, based on our historical studies of typical cyclical bull market duration and magnitude. To a lesser degree the same can be said for the economic expansion.
Half Time Equity Group Review– Checking In On The Year’s Leaders And Laggards
Half Time Report: What’s “Hot” and what’s “Not”. Group leaders and laggards for YTD, Q2 and June market action.
May Market Action
For those who were having trouble remembering what positive returns felt like, May’s stock market strength probably came as welcomed relief.
April Market Action
The YTD performance gap between large caps and small caps continues to widen.
View From The North Country
Leuthold outlines three conditions for “fixing” Social Security: Increased Retirement Age, Index Benefits To Price Index, and Means Testing.
March Market Action
Market is very oversold after the March decline, and a near term rally is expected soon.
February Market Action
Right out of the gates, February’s stock market performance quickly erased the declines posted in January. But by month end, the S&P 500 had given back some of the ground gained in the first half.
Take A Wait And See Attitude For February
February sure came in like a bull, with the S&P 500 already up 1.8% through February 4th, while the NASDAQ has risen 1.1%.
Crossroads For The Bull
Many of our historical cycle studies are indicating that the stock market and U.S. economy are now getting past their prime, and may be running on borrowed time.
Impressive Select Industries Performance
Performance of the Select Industries Portfolio was very impressive during November (+10.7%), and easily outperformed the S&P 500 (+4.0%).
Scanning The Markets
Many of the past summer’s trends reversed last month, as September saw a bounce in “smid” caps and in the tech sector.
Scanning The Markets
August produced very little movement in the major market indices, which was not so bad considering a difficult July.
Scanning The Markets
May’s late rally extended into June to the delight of market bulls.
The Certainty Of Uncertainty
Uncertainty in Iraq, terrorist threats, rising inflation, and higher interest rates (and Fed tightening) have taken center stage against a backdrop of impressive corporate earnings momentum and economic recovery.
Scanning The Markets
Small and Mid Caps stumbled hard in a brutal month of trading and the major indices didn’t do much better. In March, we noted the lack of strong sector trends among the best and worst performing groups. This definitely reversed in April.
Market Mood Swings
Bull market still intact, but investor appetite for risk remains subdued. April’s preference was for defensive and conservative strategies. Old axiom “Sell in May and go away” doesn’t seem to apply during the 130 days leading up to election day.
View From The North Country
There is a clear lack of attractive options in fixed income and we are increasingly skeptical about the REIT markets, as premiums and new offerings are at or near peak levels. Industrial Metals still offer outstanding opportunity.
Scanning The Markets
Investors reversed course from January with several of last month’s top performers becoming February’s worst performers.
The Changing Character Of The Market In February
Market character changed in February, with investors focusing on less risky groups. High beta stocks, which had been leading for most of 2003 and early 2004, were the big laggers in February. Winners in February were conservative low beta issues.
Perception for the Professional
March 2026 Issue
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March 2026 Issue
