Kuby’s Commentary

Kuby’s Commentary2018-06-14T15:17:30+00:00

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:

Goldilocks and the 74 Hot Dogs

Last Week: Goldilocks is still alive and well, as evidenced by the Bureau of Labor Statistics initial report on the labor situation in June, which was neither too hot nor too cold. While the unemployment rate increased slightly from 3.8% to 4.0%, the entire increase was due to an [...]

July 9th, 2018|

TINA has Left The House

Last Week: “TINA”, which stands for there is no alternative (to equities), has been the battle cry for the bulls during this nine- plus year rally in the market. The gamble by the Federal Reserve that pushing short-term risk-free interest rates down to zero percent would stimulate investment in [...]

July 2nd, 2018|

Still Resilient and Rotating

Last Week: Resilient? But wait, you might be thinking, didn’t the market decline last week? Indeed, the S&P 500 did lose 0.89% and the DJIA 2.72%, while the Russell 2000 managed to post a fractional gain.  Given the escalation in trade tensions, I think those results show tremendous resiliency. [...]

June 25th, 2018|

Resilient. Week 3

Last Week: Once upon a time, a long time ago, in February and March, the market declined, and volatility spiked over concerns of a trade war and tightening monetary policy. Last week Investors (traders?) displayed tremendous resilience to those concerns. On the heels of the previous weekend’s disastrous G-7 [...]

June 18th, 2018|

Resilient. Week 2

Last Week: Once again, the market proved resilient, with the S&P 500 gaining 1.6%, despite numerous troubling global headlines.  Most of the unsettling news relates to trade issues, which clearly could become significant impediments to the global economy if the proposed tariffs become reality. The market seems to be [...]

June 11th, 2018|

Resilient

Last Week: Definition of Resilient from Merriam-Webster: a: capable of withstanding shock without permanent deformation or rupture. b: tending to recover from or adjust easily to misfortune or change. I’m not so sure about “misfortune”, but there has certainly been and endless flow of “shock” and “change” in the [...]

June 4th, 2018|
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