Seasonal Cycle
View From The North Country
Steve Leuthold discusses the rationale for using “normalized” earnings versus 12-month earnings and how it now makes little sense to sell in May and go away…..unless you need a long vacation.
View From The North Country
Everybody sure hates the Homebuilders. However, contrarians should take note of this month’s analysis of earnings prospects, insider selling/buying, and the outlook for future housing starts. Now is not the time to be bottom fishing here. Nor is it time to be buying oil stocks.
Is January Performance Predictive?
A look at the January barometer, indicates there is not much evidence that a weak January market portends weak performance in the remainder of the year.
January Effect: Now Tends To Arrive In December
The January effect still lives…..it just comes a month earlier in December.
Following The Script?
Yes September is most frequent month to produce declines, but average loss has been only a paltry 1.3%. Also, Septembers following bear market lows (like this year) actually produced strong performance.
“Sell In May And Go Away”
It looks like a strong first half can still lead to a good second half, unless the first half was really good.
Playing the Bounce
It's that time of year again. The Leuthold Group is embarking on its annual "Playing the Bounce" bottom fishing expedition.
Worth Noting
Tony Tabell (Delafield, Harvey, Tabell Inc.) often has interesting statistical studies in his weekly market letter. By Tony’s calculations, August historically has been the second best month of the year for the stock market.
Perception for the Professional
March 2026 Issue
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March 2026 Issue
