We conduct three main areas of research:
- Market Commentary and Analysis
- Group Analysis
- Quantitative Analysis.
Market Commentary and Analysis:
Perception for the Professional ("The Green Book") - our flagship monthly publication - takes a broad approach to the investment spectrum and is published the first week of the month. It analyzes both stocks and bonds, discusses an overall asset mix structure, examines the current economy, and includes timely commentary on a variety of other issues from Steve Leuthold and the research team.
- The Research Summary is a slideshow style compilation of the month's research highlights and is posted within two days of publication.
- Steve Leuthold's Audio Commentary of Perception for the Professional is available on CD or download from the website a few days after publication.
- Perception Express is a one page email summary of Perception for the Professional sent at the time of publication.
In Focus Special Research Studies focus on unique ideas and timely issues, dissect investment implications of current trends, or examine specific areas of investment and are produced a couple of times each year.
Interim Memos are sent to all clients when market action or our indicators warrant pertinent comments outside of our publication schedule.
Inflation Watch is posted mid-month after the CPI and PPI releases and comments on the current assessment of inflation, as well as making projections of future inflation.
Group Analysis:
We conduct our group analysis using three separate models, each seeking to identify group leadership using fundamental, technical, and quantitative methods. Each of these models is published monthly.
Leuthold's Groups ("The Blue Book") is our primary group model and serves as the basis for the other group models. Live since 1995, it ranks 150 groups based on the S&P/MSCI sub-industries as well as our thematic and quantitative groups using our Group Selection (GS) Scores. Its universe is composed of 3000 names and includes ADRs.
Leuthold's Small Cap Groups is our domestic small cap model, analyzing 100 groups in a universe of over 2000 investable names using our Small Cap Group Selection (SCGS) Scores.
Leuthold's Global Groups ("The Gold Book") is our global model, analyzing 67 industry groups in a universe of 5000 investable names using our Global Group Selection (GGS) Scores.
Group Insights provides highlights and actionable ideas from the three group models and is posted last in the cycle.
Quantitative Analysis:
BenchMarks presents on a quarterly basis our "histograms" - graphic representations of stock market historical, intrinsic value relationships. Topics include P/E ratios, Book Value, Yields and Cash Flow, as well as the historical relationship between stocks and bonds.
Weekly Flash Reports provide summaries of our research. Reports include:
- Major Trend Index Summary is an overview of our multi-factor market indicator.
- Stock Market Supply/Demand analyzes the money flows of the market, breaking the flows down by style and size.
- Group Watch reports the best and worst performing groups of the previous week.
REIT Beat is posted monthly and segments the various REIT subsets while ranking over 125 individual issues
Our research publications are published in hard copy, on our www.leutholdgroup.com website, and via Factset Research Connect.
