Green Book August 1991
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Featured Articles
Adding To “Undervalued & Unloved” Stocks
This month we added three new stocks from Jim Floyd’s “Undervalued & Unloved” screening work, boosting our current commitment to value stocks to 16% of portfolio assets. We now believe Value's downtrend has reversed and this view seems to be confirmed by the relative strength line.
Bond Market Summary
In July, the bond market gained back about what it had lost in June. After a quick sell off following Independence Day, prices moved erratically higher for the remainder of the month.
Inside the S&P 500, 400 and the DJIA
From time to time, there are client inquiries concerning the foundations of The Leuthold Group’s fundamental intrinsic value judgements, relating to the S&P 500, 400 and the Dow Jones Industrials. Here is a current data summary regarding these three stock market indices.
Joke of the Month
This month the winner is Jesse Cherrier, a second grader at Alice Smith Elementary School in Hopkins, Minnesota.
Making Up For June in July
In July, the stock and bond markets pretty much moved in lock step and recovered what June gave away. Secondary stocks did not as a class fare quite so well.
Scanning the Markets
A performance rundown for our equity market sectors (and other measures) ranked by July 1991 performance.
Stock Market Volatility in Historical Perspective
Has 1991 been an unusually high volatility year? Thanks to statistics compiled by Tony Tabell (Delafield, Harvey, Tabell Inc.), we are able to make volatility comparisons back to 1897.
View from the North Country
Natural Gas…now may be the time to start taking a contrary approach. Also, improving the delivery of government services as an alternative to increasing taxes (Arthur Laffer idea).
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.
Table of Contents
Stock Market
- Making Up For June in July
- Worth Noting
- View from the North Country
- Inside the S&P 500, 400 and the DJIA
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Adding To “Undervalued & Unloved” Stocks
This month we added three new stocks from Jim Floyd’s “Undervalued & Unloved” screening work, boosting our current commitment to value stocks to 16% of portfolio assets. We now believe Value's downtrend has reversed and this view seems to be confirmed by the relative strength line.
Bond Market Summary
In July, the bond market gained back about what it had lost in June. After a quick sell off following Independence Day, prices moved erratically higher for the remainder of the month.
Inside the S&P 500, 400 and the DJIA
From time to time, there are client inquiries concerning the foundations of The Leuthold Group’s fundamental intrinsic value judgements, relating to the S&P 500, 400 and the Dow Jones Industrials. Here is a current data summary regarding these three stock market indices.
Joke of the Month
This month the winner is Jesse Cherrier, a second grader at Alice Smith Elementary School in Hopkins, Minnesota.
Making Up For June in July
In July, the stock and bond markets pretty much moved in lock step and recovered what June gave away. Secondary stocks did not as a class fare quite so well.
Scanning the Markets
A performance rundown for our equity market sectors (and other measures) ranked by July 1991 performance.
Stock Market Volatility in Historical Perspective
Has 1991 been an unusually high volatility year? Thanks to statistics compiled by Tony Tabell (Delafield, Harvey, Tabell Inc.), we are able to make volatility comparisons back to 1897.
View from the North Country
Natural Gas…now may be the time to start taking a contrary approach. Also, improving the delivery of government services as an alternative to increasing taxes (Arthur Laffer idea).
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.
Stock Market
- Making Up For June in July
- Worth Noting
- View from the North Country
- Inside the S&P 500, 400 and the DJIA
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Perception for the Professional
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Sector Navigator
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