Inside The Stock Market ...trends, cross-currents, and outlook
NASDAQ Short Interest Ratio: A Useful Tool
We think we have found a “reliable” indicator with a proven track record.
Getting More Aggressive
Last month’s caution proved to be unwarranted. Would now be described as a bull with reservations. Steve's outline of his bullish case including predictions from “the managing director’s crystal ball”.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
Post Attack Market Leadership
A look at who has and has not performed since Sept. 10th and 21st (market bottom?)
Volatility Update
It seems that the volatility appears to be slowing from the amazing levels recorded in 2000.
Growth Versus Value—Transition To Growth Leadership Looking More Probable
The weight of the evidence points toward a transition from value leadership to growth, with small caps leading the way. But, getting the timing right is no easy matter.
Insider Block Measures...Selling Volume Drying Up
The latest 10-week reading declined a big 48% from the previous month end, and has fallen to the lowest level of insider net selling since late-1998.
After The Rebound: Increased Caution
Market shrugged off bad news; but rally from the lows is almost a text book example of a bear market rally. Plus, Steve's current outlook regarding the Economy, Earnings, Inflation, and Interest Rates.
Volatility Update
While the markets are however still very volatile, it seems that the volatility appears to be slowing from the amazing levels recorded in 2000.
Post Attack Market Leadership
Areas hardest hit subsequent to the Attack typically rebounded the most. Sector and Industry Group leaders and laggers examined herein, from the lows of 9/21 and from before the Attack.
Growth Versus Value—Transition To Growth Leadership?
The weight of the evidence points toward a transition from value leadership to growth, with small caps leading the way. But, getting the timing right is no easy matter.
October Mutual Fund Flows & September’s “Record” Net Redemptions In Perspective
“Record” outflow only 10th highest as a percent of Equity Fund assets. But, as a percent of stock market capitalization, September net outflow was about on par with October 1987.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
View From The North Country
Fiscal responsibility goes out the window in Washington. Also, The Bombastic Earnings Charade: Why are companies allowed to make up their own accounting rules?
Growth Vs. Value—Transition to Growth Leadership?
It appears that a transition to growth leadership is already underway in the small caps segment of the market.
September Mutual Fund Flows
September’s outflow a record dollar-wise, but only represents 0.7% of total equity fund assets. This is not indicative of a panic by Main Street investors.
Insider Block Measures...Selling Volume Declines Some, But Remains Heavy
Early in June, it appeared that big block selling was on the decline. But in the three months since, heavy selling has resumed.
View From The North Country
Art Cashin’s Intuitive Observations regarding the altered ambiance in New York. September 19th Conference Call with Steve Leuthold and Charley Maxwell summarized.
Convertible Offerings….How They Affect The Stock Market Supply/Demand Equation
In the context of Supply/Demand considerations, convertible offerings represent a potential increase for equity supply down the road.
Post Attack
Unlike most past market crises, a post-crisis rally did not immediately follow the September 11th Attack. October Expectations: The passage of time is beginning to moderate Wall Street’s debilitating pain. I think the stock market rebound rally could be about to get underway in earnest.
Perception for the Professional
May 2026 Issue
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May 2026 Issue
