Green Book July 1999
Login
For full access, please enter your credentials.
Not a Subscriber?
If you are interested in subscribing to The Leuthold Group, contact us online or give us a call at 612-332-1567.
Contact Us
Featured Articles
Active Managers Beat Index Funds!
Just as many plan sponsors throw in the towel, active managers pull a great quarter out of their collective hat. What's in store for the second half of 1999?
Bond Market Summary
Recent 25 basis point bump-up by Fed will not be the last. More tightening seems likely but T-bonds now look to be in the high end of a buying zone.
Insider Block Measures...Corporate Insiders Bearish On Stock Market
The latest reading has broken back above this extreme net selling line.
Joke of the Month
This month’s winner is Andrew John (AJ) Greenshields, a venture capital friend of mine formerly from Browning Montana.
July Mutual Fund Flows
Early on, it appeared that June was destined to be one of the less memorable months in terms of U.S. equity fund inflows. But big net inflows came in during the final five days of the month, making June much more memorable to fund flow watchers.
Making The Case For Mid Caps
For managers who are mandated to stay fully invested, Mid Caps make pretty good sense as a replacement for extremely overvalued Nifty Fifty stocks.
New Select Industries Group Holding: Oil Services...Lookin' Mighty Slick
This oversold group has already begun recovery from early-1999 lows, but is still down 44% from 1997 high.
Scanning The Markets
Interesting switch in Q2, away from intangibles of cyberspace and into technology equipment. Year to date momentum, though shifty, is still concentrated in technology and communications.
The Big Shrink
Cash acquisitions are shrinking U.S. equity base at a faster pace than ever before…$135 billion in the first half of 1999, a record so far, with no signs of a slowdown.
View From The North Country
Despite proclamation of a “neutral” bias toward future interest rate shifts, expect the Fed to raise short rates at least 25 basis points more.
Volatility Update...Reaching Extreme Levels
Volatility in 1999 remains high after eight of 22 trading days in June (36%) ended with up or down moves of 1% or greater in the S&P 500.
Table of Contents
Stock Market
- View From The North Country
- Active Managers Beat Index Funds!
- July Mutual Fund Flows
- The Big Shrink
- Insider Block Measures...Corporate Insiders Bearish On Stock Market
- Volatility Update...Reaching Extreme Levels
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Active Managers Beat Index Funds!
Just as many plan sponsors throw in the towel, active managers pull a great quarter out of their collective hat. What's in store for the second half of 1999?
Bond Market Summary
Recent 25 basis point bump-up by Fed will not be the last. More tightening seems likely but T-bonds now look to be in the high end of a buying zone.
Insider Block Measures...Corporate Insiders Bearish On Stock Market
The latest reading has broken back above this extreme net selling line.
Joke of the Month
This month’s winner is Andrew John (AJ) Greenshields, a venture capital friend of mine formerly from Browning Montana.
July Mutual Fund Flows
Early on, it appeared that June was destined to be one of the less memorable months in terms of U.S. equity fund inflows. But big net inflows came in during the final five days of the month, making June much more memorable to fund flow watchers.
Making The Case For Mid Caps
For managers who are mandated to stay fully invested, Mid Caps make pretty good sense as a replacement for extremely overvalued Nifty Fifty stocks.
New Select Industries Group Holding: Oil Services...Lookin' Mighty Slick
This oversold group has already begun recovery from early-1999 lows, but is still down 44% from 1997 high.
Scanning The Markets
Interesting switch in Q2, away from intangibles of cyberspace and into technology equipment. Year to date momentum, though shifty, is still concentrated in technology and communications.
The Big Shrink
Cash acquisitions are shrinking U.S. equity base at a faster pace than ever before…$135 billion in the first half of 1999, a record so far, with no signs of a slowdown.
View From The North Country
Despite proclamation of a “neutral” bias toward future interest rate shifts, expect the Fed to raise short rates at least 25 basis points more.
Volatility Update...Reaching Extreme Levels
Volatility in 1999 remains high after eight of 22 trading days in June (36%) ended with up or down moves of 1% or greater in the S&P 500.
Stock Market
- View From The North Country
- Active Managers Beat Index Funds!
- July Mutual Fund Flows
- The Big Shrink
- Insider Block Measures...Corporate Insiders Bearish On Stock Market
- Volatility Update...Reaching Extreme Levels
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Perception for the Professional
March 2026 Issue
Featured Articles
Sector Navigator
March 2026 Issue
