Inside The Stock Market ...trends, cross-currents, and outlook
Answering Client Questions
We always welcome the chance to hear what’s on our readers’ minds, and have often found that seeking answers to these questions can lead to new research topics, interesting charts, and new ways of looking at things.
The Big Swings In S&P 500 Sector Weights
History shows us a number of economic sectors besides technology which have also experienced broad swings as the tide of investor enthusiasm ebbs and flows.
View From The North Country
Consumer confidence now dismal. Historical analysis however indicates that good buying opportunities are typically found during periods of extreme pessimism. Currently view Conference Board measure as a stock market positive!
Insider Block Measures....New Big Buy Signal Registered In February!
The latest reading is well into bullish territory and is the most positive reading on this indicator since the first quarter of 1995.
Buying Opportunity At Hand
Buying opportunity at hand. Stock market professionals should be anticipating, not reacting. Today, I view current market malaise as a potentially outstanding buying opportunity.
The Current Economy....Just Like 1992?
In the previous recovery, there was an extended period where the economy appeared sluggish, not unlike what we are seeing today.
S&P 500 Not Overvalued
The index is not currently “overvalued”…..Nor is it undervalued. Small/mid cap stocks cheap, but large caps also getting attractive.
Volatility Update…..High S&P Volatility Continues In Early 2003
Volatility in the S&P was unusually high in 2002. And now in early 2003, it appears the S&P 500 is continuing to be extremely volatile.
January Mutual Fund Flows....Are January’s Net Redemptions An Omen?
If January’s net outflow is a precursor of what we might see during the balance of 2003, Main Street investors will miss a golden opportunity to invest during an early recovery phase of one of the greatest bear markets in history.
Goodwill Hunting…..When Goodwill Turns Bad
AOL write down of goodwill will create the widest difference between reported and operating earnings ever.
Insider Block Measures....Approaching Another Buy Signal
We would view a new buy signal as a bullish confirmation of the previous buy signal (registered October 30th).
This Is Still A Cyclical Bull Market
Still bullish on stock market, expecting cyclical bull market to extend into 2004. Very worried that any easing of tensions in Iraq or Venezuela will bring crude prices down hard and fast.
NASDAQ & NYSE Short Interest
NASDAQ ratio declines on increased volume. A new style this month gives the NYSE ratio more timely signals.
Playing The Bounce Update: Feeble Bounce In January From Small/Mid Cap Components
The January Effect still lives…..it just comes a month earlier, in December.
Volatility Update
S&P 500 volatility running strong in January while the NASDAQ is still high but down from peaks.
View From The North Country
“Outside The Lines”: Incumbent protection now makes a Congressional seat virtually permanent.
Answering Client Questions
Many of the questions in this month’s issue came from January client meetings in Texas.
View From The North Country
Valuation tools comparing stock earnings yields to bond yields (i.e. the Fed Valuation Model) are worthless. History shows they don’t perform very well at all.
December Mutual Fund Flows & 2002 Recap
December proved to be a fitting end to what is now the first net redemption year since 1988. Plus, a preview of the cash flow trends for all major asset categories (using our own December 2002 estimates).
Secular Bear Market Damage
Biggest losers from the March 2000 market peak.
Perception for the Professional
May 2026 Issue
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Sector Navigator
May 2026 Issue
