undefined
Inflation-First Upside Surprise In Six Months
While still too early to call an upturn in inflation, we believe at least expectations are perhaps low enough to make the odds in favor of upside surprises in the near term. We don’t think one small beat on the CPI is likely to turn the Fed more hawkish at the upcoming September FOMC meeting.
Technology: What A Long, Strange Trip It’s Been
Last month we suggested that proclamations of a new Technology stock bubble were spectacularly premature. And, following another month of healthy gains, the S&P 500 Information Technology Index still sits on a perch that, fundamentally speaking, looks nothing like that of March 2000.
Spring Doldrums?
Bull markets bail out bad decisions—like buying the market high ahead of the Great Recession.
View From The North Country
“Outside The Lines”: Incumbent protection now makes a Congressional seat virtually permanent.
View From The North Country
1998...Will "New Era" deflate? Thermal pollution time...Steve Leuthold offers his 1998 views on U.S. stock market, interest rates, economy, etc. Also a review of 1997's prognostications.
Inside The Bond Market
1993's bond market has started on a strong note, with gains of two points or more in long T-bonds.
Scanning The Market: February
The table on the next page is a performance run down for our equity market sectors ranked by February performance.