Archive for category: Research Reports

Bear markets are like a Hall of Mirrors, designed to confuse investors and take their money. Trust YOUR fundamental...

January 13, 2023 by Doug Ramsey of Leuthold Group This year is off to a much stronger start than...

While we can’t be sure that the bear market ended on October 13, 2022, with the S&P 500 falling...

“Keep It Simple Stunad for 2023: Market will be well beyond your comfort-BUY level by the time your defined...

Market veterans know there’s just one thing more probable than a recession after the yield curve inverts: Yield curve...

Last year proved a painful time to be an investor, and for the most part, it didn’t matter what...

Introduction  The U.S. economy will struggle in 2023 with halting growth and higher unemployment. Recession is a serious threat....

When you believe in a future that is so alive in your mind that you keep living it over...

Despite all the uncertainty across today’s global capital markets, we are poised to enter 2023 with a more constructive...

by Barry Napp   Our 2022 outlook note was titled Inflation Politics & Policy and began with a section titled “liquidity...

The 2022 bear market will be remembered as a year when collapsing growth stock valuations and rising interest rates...

 What does “back to the new future” mean?  The era of quantitative easing and a quick trigger Fed easing...

Approaching the end of the year, it is natural to wonder: What lies ahead? Where does this road lead?...

This week’s focus is likely to be centered on CPI and the Fed. To us, that is yesterday’s news;...

The Federal Reserve has not yet begun easing, but “Easing” is a multi-dimensional event, and increasingly, the outlines of...

In The Illusion of Knowledge (September 2022), I railed against macro forecasting, which in our profession mostly concerns the next year...

I’ve gathered a few ideas from several of my memos this year – plus some recent musings and conversations...

By: Doug Ramsey Chief Investment Officer & Portfolio Manager Doug is the Chief Investment Officer of The Leuthold Group, LLC,...

Absolute best investors I’ve encountered aren’t successful because they predicted the trend or the macro-outlook, but because they have...

2023 Global Economic Outlook • With financial conditions tightening and the winter aggravating China’s COVID and Europe’s natural gas...

There is still considerable debate about whether the bear market has yet set its low. Certainly, if the U.S....

Cross-Asset Strategy: The October US CPI release delivered the largest downward inflation surprise since the start of the pandemic,...