Subscribe on your Phone
To subscribe using your favorite podcast app on your phone, follow these steps:
- Open this subscribe link from your phone: https://research.leutholdgroup.com/podcast/subscribe
- You will need to log in with your leutholdgroup.com username and password. The podcast is for subscribers only.
- Click on the button corresponding to the podcast app you use (if you use an iPhone, select "Apple Podcasts")
- The button will take you to the app on your phone with a message "Add a show by URL...". The URL will automatically be populated. Just click [Subscribe]
Once you subscribe, new episodes will automatically populate in your app.
We hope you enjoy this new feature and please don't hesitate to suggest any topics we should cover in a future episode.
Market environments are driven not just by industry preferences, but also by a bias toward the very largest companies. We have developed a new set of groups composed of the 10 largest companies from each sector. With several of these baskets sporting positive rankings, we felt a closer look was in order.
Everyone is struggling with allocations to a fixed-income market that seems exceptionally over-priced. Cash rates remain near zero, and the 10-year Treasury yield—at 1.65%—sells at a 61x P/E multiple for a coupon without any growth! Moreover, junk-yield spreads are near record lows, and investment-grade credit spreads are at their tightest levels in at least 20 years. Finally, it’s a pretty good bet that yields are headed higher in the next few years.