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: 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 [...]
Last Week: If the proof of the pudding is really in the eating, then the current economic policy recipe seems to be valid as the US numbers remained terrific with very strong manufacturing and non-manufacturing ISMs, and jobless claims this week were 203,000, the lowest level since December of [...]
Last Week: Another record high for the stock market, with the S&P 500 gaining 0.93% and the Russell 2000 0.87%. There wasn’t much news, fake or otherwise, driving the action, and volume was light in the pre-holiday week trading. One might say the song remains the same, or perhaps [...]
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