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Equity Strategies Group-Level Analysis Of The Equity Markets

Jul 02 2024

Leuthold Portfolios Update - June 2024

  • Jul 2, 2024

The portfolio continues to maintain exposure to growth, cyclicals, and defensives, with a slight preference for rising interest rates and positive performance. 

Jun 07 2024

Leuthold Portfolios Update - May 2024

  • Jun 7, 2024

While we have lightened Info Tech holdings, the portfolio continues to be positioned with exposure to both the big growers and economically sensitive cyclicals.

May 07 2024

Leuthold Portfolios Update - April 2024

  • May 7, 2024

After accumulating and maintaining heavy exposure to Information Technology since early 2023, Select Industries trimmed the weight in the sector by selling Internet Services & Infrastructure. 

Apr 04 2024

Leuthold Select Industries Portfolio

  • Apr 4, 2024

In a market that is less than ideal for an all-cap strategy, Select Industries has had success by investing in several key themes: mega-cap growth, housing/construction, and IT supply-chain beneficiaries. 

Mar 07 2024

Select Industries Leaned Into Growth Last Year

  • Mar 7, 2024

Select Industries looks much different than it did one year ago, with exposure to growth-oriented groups increasing, while commodity- and defensive holdings have been declining. This shift benefited performance throughout the last twelve months. 

Feb 07 2024

Finding Winners Outside The “Mag-7”

  • Feb 7, 2024

Select Industries has been successful at finding leading industry groups outside the handful of stocks driving the S&P 500 over the last year. Homebuilding, Semiconductor Equipment, and Trading Companies & Distributors have all been key contributors to the strategy.

Jan 06 2024

Leuthold Portfolios Update - December 2023

  • Jan 6, 2024

At the start of a new year, we look back at the sector shifts that transpired throughout 2023—mainly going from commodity and defensives to start 2023—to growth and cyclicals as we begin 2024.

Jan 06 2024

Leuthold’s Industry Group “Dreams” And “Nightmares”—Annual Update

  • Jan 6, 2024

Over the entire history of this study, the momentum plays of our “Dreams” and “Nightmares” have worked both ways. This was not the case in 2023, however, as the fortunes for both groups (based on 2022 performance) U-turned in a considerable way.

Dec 06 2023

Leuthold Portfolios Update - November 2023

  • Dec 6, 2023

The portfolio is allocated among various style categories—maintaining diversification—yet still taking concentrated positions in our favorite industry groups.

Nov 06 2023

Select Industries Plays Defense

  • Nov 6, 2023

Health Care Equipment and Health Care Supplies were both downgraded to Unattractive this month.  Weight-loss drugs have generated most of the negative headlines in the space, but we’ve also observed slow and steady deterioration in top- and bottom-line growth. 

Oct 05 2023

Select Industries Moves Back Into Energy

  • Oct 5, 2023

Oil & Gas Equipment & Services was purchased for the Select Industries portfolio last month, re-establishing exposure to what was our largest overweight entering 2023. The sector leapt from #11 to #4 in the ranks on the back of improved sentiment and macro readings. 

Sep 11 2023

Multi-Year Holdings Key To Select Industries

  • Sep 11, 2023

The GS Scores help Leuthold Select Industries portfolio identify underappreciated themes that can turn into multi-year holdings. Managed Health Care has been a holding for over 13 years, while Semiconductor Equipment (seven years), and Homebuilding (six years) have also been long-term winning positions.

Aug 05 2023

Select Industries Remains Active Within Sectors

  • Aug 5, 2023

The portfolio takes a very active approach within sectors, with almost half of its Consumer Discretionary weight allocated to Homebuilding, while completely avoiding Chemicals within the overweight Materials sector. 

Jul 07 2023

Group Selection Scores Remain In Gear

  • Jul 7, 2023

The Group Selection Scores have performed well in the first half of 2023, not an easy feat considering the abrupt style reversal that took place in January. Value and technical indicators are struggling, but the rest of the model is more than picking up the slack.

Jun 06 2023

Select Industries Portfolio Shifts From Commodities To Growth

  • Jun 6, 2023

Exposure to commodities (and defense) has fallen rapidly within Select Industries. The primary beneficiaries of that reduction are growth-oriented groups.

May 05 2023

Leuthold Select Industries Portfolio

  • May 5, 2023

As an all-cap strategy, Select Industries is currently targeting larger market-cap themes via our “Big” groups from Info Tech, Communication Services, and Health Care.

Apr 06 2023

Leuthold Select Industries Portfolio

  • Apr 6, 2023

A combination of strength from Information Technology with weakness from Energy resulted in the two swapping places in our sector ranks this month. 

Mar 07 2023

Leuthold Select Industries Portfolio

  • Mar 7, 2023

Select Industries has overweight positions in Energy, Materials, Consumer Discretionary, and Industrials. The portfolio has no exposure to Consumer Staples, Real Estate, or Utilities.

Mar 07 2023

Rankings At The Top Offer Diversified Mix

  • Mar 7, 2023

Energy remains the top-rated sector, but Information Technology, Communication Services, and Financials follow closely behind. These offer a diverse mix of commodity, growth, and cyclical options.

Mar 07 2023

Rate-Sensitive Groups Dominate Unattractive List

  • Mar 7, 2023

Utilities, Real Estate, and Consumer Staples are the bottom three sectors among the GS Scores.