Performance
Internet Insanity Index
The Internet Insanity Index continued its descent back to earth with a big 18.2% decline during April.
Bond Market Summary
Strong economic news, and rising inflation trends make further Fed tightening almost a certainty.
Scanning The Markets
Biotech took a big tumble in March, and its 30% loss was the worst performing group. Technology issues were also particularly hard hit with 5 of the next 7 worst performers high tech groups.
Internet Insanity Index
Performance for the entire Insanity Index has been aided by the inclusion of the Online Brokers in this group. This subset of our index was up almost 24% on average in March, and up 33% YTD.
Bond Market Summary
Strong economic news, and rising inflation trends make further Fed tightening almost a certainty.
Scanning The Markets
Two way market? In February, 15 groups recorded double digit advances (9 were Info. Tech related). But 25 groups had double digit losses.
Internet Insanity Index
After yet another volatile month, the Leuthold Internet Insanity Index gained over 12% during February.
Bond Market Summary
Yield curve inversion reflects supply/demand dynamics, expectations of further Fed tightening and unwinding of short strategies by speculators.
Scanning The Markets
Market averages all posted losses in January. 45% of groups in Leuthold coverage better than the 5.1% loss in S&P 500. 43% outperformed DJIA’s 4.8% loss.
A Look In The Rearview Mirror
Self-examination can be good for the soul if not the ego. So each January, time is taken to look back over the preceding year, critically reviewing the significant studies, portfolio shifts, and recommendations appearing in our publications. We include both the good...and the bad.
Bond Market Summary
Strong economic news, and rising inflation trends make further Fed tightening likely.
Scanning The Markets
Q4 performance push sent NASDAQ to record year. Broad sector Information Technology surged 221% in 1999.
15 Year S&P 500 Performance In Perspective
Once again, the stock market has soared to another year of strong performance. Returns of 20%-30% are becoming the norm.
Scanning The Markets
Information Technology trounced all broad sectors in November and leads YTD as well.
November No Turkey For Tech
Leuthold broad tech sector up 17% in November! But, only three of our other nine broad sectors managed decent gains for the month. Watch January, Fed could tighten in a hurry and raise rates.
Bond Market Summary
Rising stocks and still good economic news make third Fed boost likely.
Scanning The Markets
Beginning this month, “Scanning The Markets” will include almost all the new S&P/MSCI “standardized” narrow industry group classifications as employed in our new publication Leuthold’s Groups.
Beating The S&P 500...Q3 Update
Large Cap and Growth was where you needed to be in the first nine months of 1999.
Bond Market Summary
Rising stocks and better economic news could increase chance of third Fed boost near term.
Scanning The Markets
Late September surge in price of gold put gold mining group at top of monthly performance table (+26%), followed by Internet Insanity with 12% gain on the month.