Sectors
Highlights From The Gold Book
The stock market continued to show strength during March, with the DJIA turning in a 3.7% gain while the S&P 500 rose 2.7%.
Scanning the Markets
The best and worst equity sector performers for March.
In Focus: Paid To Play
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The Leuthold Group’s new direction in stock sector selection. A disciplined, unemotional, quantitative approach to today’s “real world” stock market group selection.
November Action: Not Much Positive - Drugs Lead, Golds Trail
The S&P 500 declined 4.0% for the month of November and is now down 1.7% for the year to date.
Scanning the Markets
A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by August’s performance.
Tracking a New Sector: “Crimestoppers”
We highlight 19 publicly traded security and protection companies and present the investment theme "Crimestoppers". Performance of the sector is impressive and a few of the names may tweak your interest.
Scanning the Markets
A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by first quarter performance.
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
A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by January's performance.
Sector Notes
A new sector “Buy The Numbers” is being added to the equity model this month. It is a hybrid quantitative theme that has been in the development stage at The Leuthold Group for a number of months.
Portfolio Sector Review
This publication invests in the equity market on a sector basis, but many of the sectors employed are somewhat unorthodox. This approach has worked very well for us over the years. Our equity model has outperformed the S&P 500 over 70% of the time in the last 21 years. 1992, as a whole, was not a good year for our equity model, but it appears we are back in the groove. In the last four months, our equity portfolio is up 12%, compared to a 6% gain for the S&P 500. Year to date, our portfolio is up 4% compared to 2% for the S&P 500.
Scanning The Markets
The table on the next page is a performance ruddown for our equity market sectors (and other measures) ranked by 1990 performance (only 33% of our sectors beat the S&P 500 in 1990).
View from the North Country
New Dow Jones Industry Groups Unveiled...Another View of Gold, In Dollars and In Francs
View from the North Country
Back to the Basics? We think individual stock analysis is becoming increasingly important… Tax Simplification Coming Soon: The 1984 additions to the tax laws (over 1300 pages) may be the last straw… A Potential Shortage in Treasury Bonds: I know this sounds absurd. However, in the upcoming financing, the Treasury is for the first time offering a 20-year bond that is callable in five years.
The Growing Popularity of Sector Rotation
Too many institutions are playing the sector rotation game. Typical portfolio turnover has increased considerably, and popularity has rotated faster than the rotary engine in a Mazda RX7. For the last year or so, our own sector strategies have been undergoing a change, becoming increasingly narrow. This is a significantly different approach than the broad economic sector approach that is now so popular.
A History of Model Portfolio Sector Commitments
A month by month listing of both conceptual and conventional model portfolio sector holdings, January 1982 to date.
Perception for the Professional
March 2026 Issue
Featured Articles
Sector Navigator
March 2026 Issue
