Children eventually reach an age when they outgrow the need or desire for an elaborately staged birthday party. In the case of a certain bull born back in March 2009, that age appears to be eight.
Don’t tell The Donald, but the stock market doesn’t take him seriously. The market took JFK seriously. In April 1962, Kennedy clashed with steel companies. The S&P 500 plummeted 24% over the next two months as the confrontation continued.
A stock market wild card in 2017 is the potential for a significant reduction in the corporate tax rate. President Trump’s desire to lower corporate taxes, if implemented, would have multifaceted impacts on businesses. Tax expense is a direct reduction of income, and any possibility to lessen that burden is a plus for equities.
The advance since March 2009 has just surpassed the bull market of 1990-1998 to become the second longest bull of all time, and it will move into the top spot if it can survive until next March 15th (the “Ides of March”). Intrigued by this market’s similarities with the 1990s, we updated a study that reinforces a point we’ve made for a while: Among the six major measures examined here, the stock market looks least overvalued on the basis of the S&P 500 5-Yr. Normalized P/E.
Since its founding 35 years ago, The Leuthold Group has utilized a distinctive blend of quantitative, fundamental, and technical analysis to guide its investment activities.
We’ve annoyed a few media outlets by admitting to having no clue as to which of the presidential candidates would be “better” for the stock market.
Our Emerging Markets Allocation Model triggered a BUY signal at the end of August after 5 1/2 years in bear mode. Leadership trends within Emerging Markets confirm that 2016 could represent a major inflection point.