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: Earnings season got back on track, and the market responded with a nice rebound early in the week, only to have the gains dissipate with the market finishing flat to slightly lower by the close on Friday. So far, major bank earnings in particular are looking very [...]
Last Week: It was the worst week for the equity market since early February, with the S&P 500 declining 4.1%, erasing over half the gains for the year. Only a relief rally of over 1% in the last hour of trading Friday allowed the index to break a six-day [...]
Last Week: Despite enthusiasm on Monday morning over the new U.S.-Mexico-Canada Agreement (take note that the word “Trade” disappeared from the agreement formally known as NAFTA), as the week progressed the trade and interest rate headwinds once again intensified. On the trade front, U.S. Commerce Secretary Wilbur Ross told [...]
Last Week: The two major near-term headwinds were lightly blowing in the face of investors, with the implementation of tariffs on Monday by the U.S. and China, followed by the Federal Reserve rate hike on Wednesday. Both events were widely expected, and the damage was minimal, with the S&P [...]
Last Week: Curiouser and curiouser. How does this market keep setting new highs? During this past week, decliners and new lows outnumbered advancers and new highs, yet the S&P 500 notched a 0.85% gain and the DJIA surged 2.25% to finally reach new record. The usual suspects did not [...]
Last Week: Once again, the market floated higher, with the S&P 500 gaining 1.16%, as the sweet vapors of good economic news filled the air. The September University of Michigan sentiment index rose to its second highest level since 2014, and Index of Business Optimism registered its highest reading [...]
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