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Sector rotation is a well-respected technique for building equity portfolios. Leuthold believes there are advantages of operating at the group level, rather than the traditional sector level, to enable clearer alignment with the business cycle, stronger factor signal extraction, and wider performance dispersion across industries.

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Major Trend Index 2/02/2026

The Major Trend Index closed out the month of January at High Neutral. Last week...

Economic and Market Environment First Quarter 2026

The U.S. economy continues to show resilience, supported by easing monetary poli...

Major Trend Index 1/27/2025

The Major Trend Index stayed at High Neutral for the week ending January 23rd. T...

The Economy vs. Itself

In this piece, we will explore why today’s mixed economic and market signals fee...

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Major Trend Index

The Major Trend Index held at a Neutral reading for the week ended July 26th. A ...

Leuthold Group Insights Market Commentary Leuthold Styles, Boxes, and Paradoxes

Leuthold Select Industries is the mutual fund incarnation of our Group Selection...

Leuthold Inflation Watch

The latest CPI report was a tad cooler than consensus. Our scorecard suggests th...

Leuthold's Major Trend Index

The Major Trend Index was unchanged at a High Neutral reading of +1 for the week...

Earnings Almanac

The S&P 500’s estimated bottom-up operating EPS shrank 2% during the first m...

Major Trend Index (11/2024)

The Major Trend Index was unchanged at a High Neutral reading of +1 in the week ...

Major Trend Index (1/31/2025)

The Major Trend Index was unchanged at a Neutral reading of zero in the week end...

Major Trend Index (2/7/2025)

Question: “What do the stock market and my wife have in common?” Answer: “They’r...

Major Trend Index

The Major Trend Index was unchanged at a high neutral reading of +1 in the week ...

Major Trend Index

In the last week and a half, the stock market has largely shrugged off a mini-cr...

Major Trend Index

The Major Trend Index was unchanged at a High Neutral reading of +1 in the week ...

Major Trend Index

The Major Trend Index was unchanged at a high neutral reading of +1 in the week ...

Leuthold’s Group Selection Scores: A Distinctive Approach to Thematic Investing

Sector rotation is a well-respected technique for building equity portfolios. Le...

Major Trend Index 11/10/2025

The Major Trend Index was unchanged at a High Neutral reading of +1 for the week...

Major Trend Index 11/17/2025

The Major Trend Index continues to offer a lukewarm affirmation of the bull mark...

Major Trend Index 12/15/2025

The Major Trend Index continued on at a High Neutral stance for the week ended D...

Major Trend Index 1/05/2026

The Major Trend Index ended the week of January 2nd at High Neutral. We’re now s...

Major Trend Index 1/12/2026

The first full week of 2026 featured another upgrade to our Cyclical work—the se...

Major Trend Index 1/20/2026

The Major Trend Index stayed at High Neutral for the week ending January 16th. T...

Major Trend Index 1/27/2026

The Major Trend Index stayed at High Neutral for the week ending January 23rd. T...

Major Trend Index 2/02/2026

The Major Trend Index closed out the month of January at High Neutral. Last week...