Political and geo-political concerns linger while we are entering a seasonally unfavorable window. Maintain Neutral.
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.
1993's bond market has started on a strong note, with gains of two points or more in long T-bonds.
The table on the next page is a performance run down for our equity market sectors ranked by February performance.