Eric Kuby, Chief Investment Officer of North Star Investment Management, writes a weekly commentary on market and economic trends. Here is a sampling of recent commentary:
Last Week: In the NFL, the Chicago Bears had a bye on Sunday, which means they didn’t get to play. Apparently, the Wall Street Bears followed suit, as the S&P 500 staged an impressive 4.85% rally without meeting much resistance. It was the S&P 500’s best weekly performance since [...]
Last Week: In Chicago and on Wall Street, it was a very good week for the Bears. For the former, there were wins on Sunday versus the Vikings and Thursday versus the Lions. For the latter, there were steep declines on Monday and Tuesday which resulted in a 3.8% [...]
Last Week: The market resumed its downward trend, with the S&P 500 shedding 1.61% and the Russell 2000 declining 1.42%. All ten sectors experienced losses, with Oil & Gas shares faring the worst as crude oil prices dropping for a record 12 straight days to settle at $56.46 down [...]
Last Week: On Tuesday night, the mid-term elections went pretty much as planned, and the market responded with an impressive rally on Wednesday. Perhaps there was relief that the Democrats didn’t take control of both the House and the Senate, or perhaps there was enthusiasm over the prospects of [...]
Last Week: A bagful of earnings, economic data, and tweets, left investors to digest whether these were tricks or treats. By Friday’s close the verdict was primarily treats, as the S&P 500 snapped its losing streak to finish +2.42%. Nevertheless, there were a few rotten fruits in the bag, [...]
Last Week: Ouch. The previous week’s sideways bottoming action gave way to a nasty sell-off, with the S&P 500 surrendering its remaining gains for 2018 after declining 3.9%. The Pendulum has quickly swung from greed to fear as the Volatility Index spiked to its highest level since early February. [...]
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