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The first full week of 2026 featured another upgrade to our Cyclical work—the second in 
the last month. This bump was not enough to move the overall Major Trend Index out of 
High Neutral, however. Net equity exposure in Leuthold tactical accounts continues to rise 
with the market and now stands at 57%.

 

Click here to read Leuthold's whitepaper.

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Major Trend Index 5/27/2026

The Major Trend Index remains Neutral, with tactical equity exposure ticking up ...

Is Your Core Equity an Ungoverned Active Bet?

Author: Richard Yasenchak, CFA, CFP®, Senior Managing Director, Head of Client P...

Mid-Quarter Update

The stock market rebounded in April. Much of the recovery can be attributed to a...

Quarterly Letter

Interconnectedness as a concept can be of relevance to investors when trying to ...