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Portfolios Applying Our Research In The Markets

May 13 2024

Leuthold Portfolios Update - April 2024

  • May 13, 2024

Net equity exposure in the Core strategy is currently 56% - above our typical 50% midpoint as the market has moved higher while the MTI was recently in High Neutral.

Apr 10 2024

Leuthold Portfolios Update - March 2024

  • Apr 10, 2024

The Core composite gained 2.7% in March with outperformance from the equity positions, both long and short, helping the fund participate in another strong month for equities. 

Mar 13 2024

Leuthold Portfolios Update - February 2024

  • Mar 13, 2024

The Major Trend Index continues to sit at High Neutral, with strong market action continuing to override concerns among the other indicators (Valuations, Economy, Sentiment).  With the MTI on the positive side of Neutral and market action increasing the value of long positions, current equity exposure now sits at 56%.

Feb 13 2024

Leuthold Portfolios Update - January 2024

  • Feb 13, 2024

The Core composite gained 1.3% in January. Among the underlying holdings, excellent long-short performance offset negative returns from the fixed income allocation.

Jan 16 2024

Leuthold Portfolios Update - December 2023

  • Jan 16, 2024

The Core Strategy gained 3.8% in December as both equities and fixed income positions closed out the year with large gains.

Dec 07 2023

Leuthold Portfolios Update - November 2023

  • Dec 7, 2023

The equity rally during November was strong enough to push the Major Trend Index back into Neutral territory, as the increasingly positive Technical components serve to offset bearish Valuation and Cyclical category readings. 

Nov 09 2023

Leuthold Portfolios Update - October 2023

  • Nov 9, 2023

The Major Trend Index reading deteriorated to Negative in early October and remained there throughout the month.

Oct 10 2023

Leuthold Portfolios Update - September 2023

  • Oct 10, 2023

The Major Trend Index fell to Negative with the latest reading, after spending the last nine months within the Neutral zone.  With the valuation, cyclical, and sentiment components already negative, recent deterioration of market technicals was enough to move the MTI lower. 

Sep 12 2023

Leuthold Portfolios Update - August 2023

  • Sep 12, 2023

The Core Fund was down 1.1% in August, as equities and fixed income both posted negative returns for the month. 

Aug 09 2023

Leuthold Portfolios Update - July 2023

  • Aug 9, 2023

Core was up 1.5% in July, as positive performance from equities was supplemented by positive contributions from commodity and fixed income holdings.

Jul 12 2023

Leuthold Portfolios Update - June 2023

  • Jul 12, 2023

The Major Trend Index currently sits at Neutral, with negative readings from the Valuation, Cyclical, and Sentiment categories offset by the Technical category that, while positive, isn’t as strong as we would expect given the rally since last October. Our tactical accounts are positioned accordingly with net equity exposure at 53%, near the middle of our typical 30-70% range. 

Jun 12 2023

Leuthold Portfolios Update - May 2023

  • Jun 12, 2023

The Core Strategy was down 0.7% in May.  Long equities were lower for the month (see description below), along with the fixed income and alternatives holdings. 

May 10 2023

Leuthold Portfolios Update - April 2023

  • May 10, 2023

The Core Fund was up 0.7% in April as the equity, fixed income, and alternative allocations all turned in positive performance for the month.

Oct 07 2022

Tactical Asset Allocation Portfolios - October 2022

  • Oct 7, 2022

Major Trend Index Negative: Net Equity Exposure 38%

The Major Trend Index remains in Negative territory, with the sole improvement, of late, coming from the Sentiment segment—which is no surprise given recent price action. Other categories continue to paint a bearish picture, with deteriorating monetary conditions, poor market action, and valuations not yet reflecting historical lows. 

Oct 07 2022

Fully-Invested Portfolios - October 2022

  • Oct 7, 2022

AdvantHedge has performed better than the inverse S&P 500 and the inverse Russell 2000. Markets cascaded lower during the month as hotter than expected inflation reports pushed expectations higher as far as future Fed rate hikes.

Sep 08 2022

Tactical Asset Allocation Portfolios - September 2022

  • Sep 8, 2022

Both the Leuthold Core and Leuthold Global portfolios did a good job mitigating losses during the August selloff thanks to low equity exposure and relative outperformance from the stock holdings.

Sep 08 2022

Fully-Invested Portfolios - September 2022

  • Sep 8, 2022

AdvantHedge was up 3.5% in August, trailing the inverse S&P 500 (+4.1%), but ahead of the inverse Russell 2000 (+2.1%). It was a tale of two halves for this equity hedge last month.

Aug 04 2022

Tactical Asset Allocation Portfolios - August 2022

  • Aug 4, 2022

Both the Leuthold Core and Leuthold Global portfolios participated in July’s equity rally, but lagged their all-equity benchmarks.

Aug 04 2022

Fully-Invested Portfolios - August 2022

  • Aug 4, 2022

AdvantHedge was down 10.1% in July, trailing the inverse S&P 500 (-9.2%), but ahead of the inverse Russell 2000 (-10.4%).

Jul 07 2022

Tactical Asset Allocation Portfolios - July 2022

  • Jul 7, 2022

Both the Leuthold Core and Leuthold Global portfolios saw negative performance in June, as the underlying equity portfolios underperformed their benchmarks. Fixed income and gold also sold off.