Inside The Stock Market ...trends, cross-currents, and outlook

In recent months, two studies have been released on the subject of program trading, particularly index arbitrage. One concludes that index arbitrage activities do no real damage. The other tells it like it really is.

• Read more

Recently some clients have asked about the status of the Very Long Term Momentum Indicator. This stock market tool is the original creation of the late “Sedge” Coppock. While we have made some modifications in interpretation, it is essentially Coppock’s work.

• Read more

Innocents Abroad--Comments On Recent European Trip...Here Come The Trains--High Speed Train Travel...Natural Gas Into Gasoline?

• Read more

The Major Trend Index shifted back down into negative territory on July 2. It is also worth noting that our Early Warning Index of intermediate tops turned negative on June 25 and remains negative. Thus, as of today, we still remain cautious and defensive in terms of the stock market.

• Read more

The May market surge was both impressive and unexpected. Most of Wall Street was surprised by the magnitude of the move.

• Read more

Most, but not all of these are actual client questions recently fielded by The Leuthold Group. A few are questions we think some of you might like to ask, but are reluctant to do so.

• Read more

So far in 1990, the two markets have moved very much in tandem, at least in terms of direction. Has the bond market been keying on the stock market or has the stock market been keying on the bond market?

• Read more

"Gorby" Visits The Leuthold Group...Graying Of America And The Pension And Related Services Business...Client Feedback On Japan...California Real Estate Update

• Read more

A few months ago John Lillard, President of JMB Institutional Realty, had a great idea for us. One of John's suggestions was that we compile histograms of past stock market performance to help put the recent outstanding stock market performance in better perspective. Yes, some of our best ideas come from clients.

• Read more

What’s Up In Japan...Not High on Northwest Airlines...The Good Guys Are Leaving (Office)...Fat Is Where It’s At (Fearless Forecast)...Harley Davidson (Model Portfolio Stock) Introduces New Fat Boy Bike...Phony Evel Knutson Communique Surfaces!

• Read more

The stock market bent in April but did not break. Nevertheless, our market disciplines continue to repeat their dreary message.

• Read more

Upon returning to the office at month end, my first impression of April stock market action was positive. But then I dug into our indicators, chart books and numbers. It was clear my first impression was wrong.

• Read more

How far would today’s stock market have to fall to achieve normal benchmark valuation levels? How far would it have to fall to reach 1987 post-crash levels? On the brighter side, how far up would today’s market have to move to match the valuation extremes of 1987’s third quarter?

• Read more

Our Major Trend Index remains decidedly negative. The current ratio of 0.67, although improved from a week ago, is about the same as a month ago. Thus our opinion is unchanged. It appears we are in the early stage of a cyclical bear market.

• Read more

Back on January 1, 1984, American Telephone & Telegraph was broken up into the seven “Baby Bells” and AT&T. At the time, Wall Street was not impressed with the prospects. But the telephone “Break-Up” Portfolio was hard to beat 1984-1989.

• Read more

• Read more

Once upon a time, way back in 1985, Emerging Growth stocks were market leaders.

• Read more

In February, minor adjustments In the Major Trend Index Included adding a few new components.

• Read more

For several months now we have been putting together two additional conceptual sectors, "Clean Energy" and "Rebuilding America".

• Read more

• Read more