Equity Strategies Group-Level Analysis Of The Equity Markets
New Select Industries Group Holding: Aerospace & Defense
We see insider buying, also some actual value here and an increase in defense spending.
Internet Insanity Index
Performance for the entire Insanity Index has been aided by the inclusion of the Online Brokers in this group. This subset of our index was up almost 24% on average in March, and up 33% YTD.
Scanning The Markets
Biotech took a big tumble in March, and its 30% loss was the worst performing group. Technology issues were also particularly hard hit with 5 of the next 7 worst performers high tech groups.
Internet Insanity Index
After yet another volatile month, the Leuthold Internet Insanity Index gained over 12% during February.
Scanning The Markets
Two way market? In February, 15 groups recorded double digit advances (9 were Info. Tech related). But 25 groups had double digit losses.
Scanning The Markets
Market averages all posted losses in January. 45% of groups in Leuthold coverage better than the 5.1% loss in S&P 500. 43% outperformed DJIA’s 4.8% loss.
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.
New Select Industries Group Holding: Health Care Facilities
Group had really ugly 1999, now rated attractive and there are some real values here.
New Select Industries Group Holding: IT Consulting & Services
Group relative strength recently broke out on the upside.
Scanning The Markets
Q4 performance push sent NASDAQ to record year. Broad sector Information Technology surged 221% in 1999.
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.
Scanning The Markets
Information Technology trounced all broad sectors in November and leads YTD as well.
New Select Industries Group Holding: Shipping Funds To Air Freight & Couriers Group
Group moved from Unattractive to Attractive in one month (someone has to move the goods purchased via the Net).
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.
Scanning The Markets
Beginning this month, “Scanning The Markets” will include almost all the new S&P/MSCI “standardized” narrow industry group classifications as employed in our new publication Leuthold’s Groups.
Scanning The Markets
Late September surge in price of gold put gold mining group at top of monthly performance table (+26%), followed by Internet Insanity with 12% gain on the month.
Equity Portfolio Deactivates Two Group Commitments
Defense Contractors and Health Care Management both experienced sharp contractions in their quantitative scores and fell into the neutral range.
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.
Scanning The Markets
Thus far in 1999, technology still leads. Seven of the top ten performing groups are technology subsets.