Technology
Main Street Stampede To Tech Funds
Cash inflows to Technology specific mutual funds has exploded.
Internet Insanity Index
After yet another volatile month, the Leuthold Internet Insanity Index gained over 12% during February.
Internet Insanity Index: Performance Dichotomy
The Leuthold Internet Insanity Index gained over 11% during the month of December, and reached a new all-time high on December 13.
Internet Insanity Index: Breaking Out
The Leuthold Internet Insanity Index gained nearly 23% during the month of November and, for a short time, broke above the prior high reached in April of this year.
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.
Internet Insanity Index: Short Sellers Heaven (Or Hell?)
The 66 components of the Leuthold Internet Insanity Index gained an average of 6.4% during the month of October, to bring the gain on this index to +84% year to date.
Internet Insanity Index
Most Internet companies enjoyed a surprisingly steady rise in share prices during the volatile month of September.
Internet Insanity Index
August was a volatile month for most of the “dotcom” companies.
Internet Insanity Update
Significant merger and acquisition activity in the past month has done little to bring buyers back into the sector.
Internet Impact: Russell 2000
The Russell 2000 currently has an upside warp because of its Internet stock components. Many of these issues are now too big for this small cap measure, but remain in the index until the annual Russell rebalancing on May 31.
Dissecting the Internet Play
Internet classification too broad and confusing. Tracking performance of the Internet necessitates breakout into three, distinct sectors: Technology…Internet Services, Consumer…E-Tail and Technology…Inter/Networking.
Was Q2 a Tough One For You?
S&P 500 turned in a +3.3% return for Q2 and not many managers matched it. Only a mere 20% of the Leuthold sectors tracked outperformed it.
Technology Market Leadership Re-Examined
Composite Leuthold technology sector not exhibiting characteristics of market leadership. But, new Leuthold Big 10 Technology Sector (largest 10 tech names) tells quite a different story.
Technology: Short Term We Have Egg On Our Faces…BUT
Technically, even after July’s move, the relative strength line is closer to breaking down (below 70) than it is to making a new high above the 1995 peak (above 80).
Has the Market Lost Technology Leadership?
In 1996, and so far in 1997, the broad based technology move has been breaking down. The relative strength line of the Technology Composite index tells the story.
Scanning The Markets
The tables on the next two pages are performance rundowns for The Leuthold Group's equity market sectors (and other measures) ranked by 1996 performance.
Technology: Historical P/E Comparisons
Andy Engel’s new “broad” Technology Composite, an all-inclusive representative tech group and Jim Floyd’s “Super Tech” sector, comprised of internet, communications and networking companies.
Technology Stocks: What Now?
The back of the technology sector’s market leadership role has been broken, fundamentally and technically.
Technology: Battered, But Still a Leader
The game is still technology, although picking the winners and avoiding the losers is not so easy anymore. Comparing 26 Technology indices to track the sector.
High Tech…No Wreck Yet
Fat profit margins are stimulating competition and capacity which will ultimately bring margins (and tech stocks) down. Technology fragmenting, but the end is not quite yet in sight.
Perception for the Professional
March 2026 Issue
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March 2026 Issue
