Market Cap
Breadth Is Lagging…..But It Can Lag For a Long Time Before The Market Rolls Over
Market breadth improving, but still relatively weak. Narrowing breadth can, however, persist for a long time. There was a two year period of diverging breadth in 1998 to 1999, prior to the last bear market.
Did You Have The Right Mix In 2005?
2005 Performance Recap: Equities, Fixed Income, Large Vs. Small Caps, Weighted Vs. Unweighted S&P 500, Industrial Metals and AdvantHedge.
S&P 500 Energy Weight Is Misleading: Fewer Constituents, Not Less Market Cap
S&P 500 Energy weight is misleading. Adding the largest multi-national integrated oil companies to the S&P’s 10% energy weight doubles it to 20%.
Analyzing Large Cap, Mid Cap & Small Cap 2004 Composite Income Statements
2004 earnings very strong but further earnings improvements in 2005 will be largely a function of stronger sales, not any more margin expansions.
Did You Have The Right Mix In 2004?
Small Cap Stocks were hands down winners relative to large caps, while just edging out mid caps. This is the fifth consecutive year of small cap superiority.
Equity Performance By Market Cap Tiers
Weighted versus Unweighted S&P 500 comparison, Russell 2000 versus S&P 500 annual comparison and 2003 equity performance by market cap tiers.
Turning The Corner
After a string of three consecutive down market years, the closing bell on the eve of the recent New Year put to bed the first annual gain for the U.S. stock market since 1999.
Total U.S. Market Capitalization As A Percentage Of GDP: An Alternative Valuation Perspective
Total U.S. Market Capitalization As A Percentage Of GDP: Identifying “Fair Value.”
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
Capitalization Tier Meausres
Continuing to evaluate the Leuthold Index methodology.
Capitalization Tier Meausres
Continuing to evaluate the Leuthold Index methodology.
Tech Watch…..S&P Tech Subset Down 5% In July
Worse than expected Q2 earnings (losses) beat down the tech sector in July. The bad news just won’t end.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
"Value" Performance Superiority May Soon End
Value may continue to outperform Growth for the balance of the year, but by a narrower margin.
Perception for the Professional
March 2026 Issue
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March 2026 Issue
