By Reuters
April 21, 2025
ERIC KUBY, CHIEF INVESTMENT OFFICER, NORTH STAR INVESTMENT MANAGEMENT CORP, CHICAGO
“It’s really two major stories pushing the market lower. One is the lack of any trade deals over the weekend. I think that we all go home at night hoping that we wake up in the morning with some announcement of some relief on these tariffs and the trade deals as there are all these negotiations with various important nations. And every day that there are no deals struck to provide any relief, it creates continued anxiety that there aren’t going to be any reasonable deals struck and that these policies as currently stated end up being what we have, which is going to be … destructive for the economy.”
“The second issue is Trump’s vocal desires that he is expressing to replace Jerome Powell because he won’t lower interest rates, combined with Jerome Powell’s (comments) last week that they are in no hurry to lower interest rates while they’re waiting to see what sort of inflationary impact the tariffs have. So there’s this terrible stalemate there and concern that there will be some sort of action taken to replace Powell, which would create a real panic in the dollar.”
As of 4.21.25
No positions mentioned.
Eric Kuby, Chief Investment Officer, North Star Investment Management, acts as portfolio manager for the North Star Micro Cap Fund, the North Star Opportunity Fund, the North Star Bond Fund, the North Star Dividend Fund and the North Star Small Cap Value Fund.
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