Leaders-Laggards
The U.S. energy sector has been volatile over the past year. After a strong run in 2022, energy cooled in 2023 and has delivered more modest gains since. As of mid-2025, the S&P 500 Energy sector was up about 4% year-to-date, despite wide swings
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It might seem counterintuitive for a newly launched exchange-traded fund to take a top position in a 140-year-old coal mining company. Yet The Free Markets ETF (FMKT) recently made Peabody Energy (NYSE: BTU) one of its largest holdings, at roughly 4% of the portfolio. What’s behind
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Join us for an exclusive deep dive TODAY from 11-12 PM EST into the innovative Free Markets ETF (FMKT), the first exchange-traded fund specifically designed to capitalize on deregulation trends across U.S. markets. REGISTER HERE This timely webinar occurs as regulatory reform continues to reshape industries from
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Join us for an exclusive deep dive this coming Friday from 11-12 PM EST into the innovative Free Markets ETF (FMKT), the first exchange-traded fund specifically designed to capitalize on deregulation trends across U.S. markets. REGISTER HERE This timely webinar occurs as regulatory reform continues to reshape
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Sponsored By OptionsANIMAL
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Hello everyone, I hope you’re doing well. I’m writing to you directly because I have an important request: I want to make The Lead-Lag Report better for you. For over five years now, The Lead-Lag Report’s format and approach have remained largely unchanged. While I’
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Join us for an exclusive deep dive this coming Friday from 11-12 PM EST into the innovative Free Markets ETF (FMKT), the first exchange-traded fund specifically designed to capitalize on deregulation trends across U.S. markets. REGISTER HERE This timely webinar occurs as regulatory reform continues to reshape
Global View
U.S. stocks did well in September. The S&P 500, Dow, and Nasdaq all went up in value, and the Dow even set a new record. But the background doesn’t look as convincing. Markets may be ahead of fundamentals given weak jobs growth, manufacturing weakness, and stubborn
Weekly Signals
My award-winning research from 2014 showed that utility stocks typically outperform the broader stock market in advance of market volatility. Utilities are the perfect example of a low-beta, interest-rate-sensitive, non-cyclical sector. During times of risk-off, investors are drawn to them because their dividends and
Leaders-Laggards
Below is an assessment of the performance of some of the most important sectors and asset classes relative to each other with an interpretation of what underlying market dynamics may be signaling about the future direction of risk-taking by investors. The below charts are all price ratios which show
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