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The Leuthold Group's Major Trend Index holds at Neutral, even as the technical picture improves. Stocks broke out to fresh all-time highs in early August with broad participation, suggesting a market top is likely still some way off. Beneath a flat surface, though, sharp rotation between cyclical and defensive sectors has driven unusually high volatility, the kind typically seen around V-shaped corrections and recoveries.
Click here to read more of the "Major Trend Index" article.
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This content is for informational purposes only and is not intended to be investment advice or a recommendation to take any particular investment action. This content is also not intended to reflect a current or past recommendation, investment advice of any kind, or a solicitation of an offer to buy or sell any security or investment services in any jurisdiction. This content does not contain sufficient information to support an investment decision. Potential investors should consider their own circumstances and assess the legal, regulatory and tax implications before making an investment decision. All investments are subject to risk, including the possible loss of principal. Past performance does not guarantee future results.
