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:

The Early Bird Sells too Soon

Last Week: The market held onto its post-Christmas gains as reasonably good corporate earnings outweighed new evidence of a slowing global economy and continued uncertainty over trade policy. On the earnings front the blended (combines actual results for companies that have reported and estimated results for companies that have [...]

February 11th, 2019|

Bears Hibernate while Patriots Win

Last Week: What a difference a month makes. December was one of the worst months for the stock market in history, with December 24, 2018 the worst Christmas Eve on record. Flip the calendar forward, and 2019 kicked off with the best January performance in 30 years. The triple [...]

February 4th, 2019|

4th Quarter 2018 Market Commentary

Market Commentary Fourth Quarter 2018 The financial markets were volatile in the final quarter of the year as investors worried about the trade negotiations with China, the Fed raising rates too aggressively and the potential for a slowing global economy in 2019. Interest rates fell sharply the last three [...]

January 31st, 2019|

It’s a Profit Deal

Last Week: The holiday-shortened trading week started with a doink (yes, I’m still mourning the Bears loss) as the IMF cut its forecast for world economic growth in 2019 to 3.5% from 3.7%, leading to a 1.42% loss in the S&P 500, the largest market decline since Christmas Eve. [...]

January 28th, 2019|

Wag the Dog Rally

Last Week: The market continued its recent rebound, as the narrative has shifted to include a more dovish Fed policy as well as a positive resolution of the trade war with China. The momentum-based trading models (are there any other trading models these days?) all flashed “buy, buy, buy!” [...]

January 21st, 2019|

Good News, Bad News

Last Week: December 2018 was one of the worst months in history for the stock market, with the toxic combination of tax-loss selling and momentum trading driving stock prices down relentlessly. So far, the “January effect” in 2019 has been dramatic, as beaten down shares have bounced handsomely, recouping [...]

January 14th, 2019|
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