Research.LeutholdGroup

Price Action Preempts Policy

The Leuthold Group, dated May 2025, provides an in-depth analysis of the current market conditions, offering insights into recent price movements and economic indicators. It explores the performance of various asset classes, including gold and foreign stocks, and dissects the factors influencing major market selloffs, particularly emphasizing the impact of central bank intervention and government policy, such as tariffs. The report also examines the performance of active versus passive investment strategies, suggesting that market conditions significantly influence which approach is more successful, and evaluates the current stock market internals and valuation levels, pointing to potential downside risk based on historical data.