Kuby’s Commentary

Keep Breathing

Last Week: Repeating verbatim from our last blog: “Hang in there! We are going through the most challenging period of our lifetimes. Following the CDC guidelines and keeping a positive attitude is the best medicine to heal physically and mentally.” I expect to open Kuby’s Commentary with those lines for the next few weeks. The virus and our scientists and health care professionals will determine the timeline for a slow return [...]

2020-03-30T09:36:22-05:00March 30th, 2020|

Breathe! But Not On Anyone

Last Week: Hang in there! We are going through the most challenging period of our lifetimes. Following the CDC guidelines and keeping a positive attitude is the best medicine to heal physically and mentally. It was the worst week since the height of the financial crisis in October 2008, with the S&P 500 losing 14.98%. Small cap stocks continued to fare even worse with the Russell 2000 sinking 16.22% and now [...]

2020-03-23T11:08:53-05:00March 23rd, 2020|

Time Out

Last Week: These are confusing times. A global financial markets meltdown has been triggered by a virus that to date has resulted in over 6700 fatalities. It’s a nasty disease that recent data suggests is very contagious and has a much higher fatality rate than known diseases such as the flu. Some media reports are forecasting horrifying worst-case scenarios that suggests the possibility of half the country being infected with 200,000 [...]

2020-03-16T09:29:42-05:00March 16th, 2020|

Daily Volatility Surges

Last Week: If you spent the last week off the grid (hopefully not on a cruise ship) and returned to civilization over the weekend, then you probably would be encouraged to see that the S&P 500 posted a 0.70% gain. “Thank goodness, a quiet recovery after the wild sell-off the previous week” you might conclude. Well, not exactly: The market experienced 4-5% daily swings every day, with a 2.3% rally in [...]

2020-03-09T12:19:17-05:00March 9th, 2020|

Will Fed Treat Market Fever?

Last Week: The Stock market suffered its worst losses since the 2008 financial crisis with the S&P 500 plunging 11.49%. The decline wiped out all the gains from the last leg of the rally that started in early October. I’m not a chartist, but it is interesting to note that the decline took the market simply back down to its 3, 5, or 10-year trend line. Here is the 5 year [...]

2020-03-02T12:22:06-06:00March 2nd, 2020|

Market Showing Signs of Fever

Last Week: The good news of corporate earnings for the fourth quarter of 2019 exceeding forecasts was overshadowed by concerns over the impact of the coronavirus on future earnings. Estimates of first quarter earnings growth have been slashed approximately in half so far with tremendous uncertainty in even those guesstimates. Fridays have been particularly challenging in 2020 with an average daily decline of -0.52%, as traders have been nervous about weekend [...]

2020-02-24T11:05:28-06:00February 24th, 2020|

Market Takes it’s Temperature, Not Sick Yet

Last Week: The rally resumed as the S&P 500 gained 1.58% to close at another new record high. Most of the action took place on Monday and the first hour of trading on Tuesday, as stocks recovered their losses from the previous Friday and then tacked on an additional 1% for good measure. Corporate earnings continued to top expectations with the blended growth rate increasing to 0.9% from 0.6% the previous [...]

2020-02-18T11:24:26-06:00February 18th, 2020|

Market Bounces with Good, Bad, and Ugly Headlines

Last Week: Fortunately we don’t need to repeat the repeat of “Rally Interrupted”, as the market posted its best performance since November 2018 as the S&P 500 jumped 3.2% and the Nasdaq composite surged 4%. As is often the case, there was good, bad, and ugly news for equities during the week. The Good: Our fundamental belief is that stock prices are determined in the long run by a combination of [...]

2020-02-10T11:02:43-06:00February 10th, 2020|

Rally Interrupted on Repeat

Last Week:I could just repost last week’s commentary and just change the specific numbers as the storyline was essentially a rerun. In fact, I will:The stock market party was disrupted as the Coronavirus upset the apple cart. Corporate earnings reports were strong and interest rates moved lower, but the S&P 500 declined 1.03% 2.12% and the Russell 2000 fell 2.2% 2.89%. It was the biggest one-week drop in the market since August, [...]

2020-02-03T09:22:59-06:00February 3rd, 2020|

Rally Interrupted

Last Week: The stock market party was disrupted as the Coronavirus upset the apple cart. Corporate earnings reports were strong and interest rates moved lower, but the S&P 500 declined 1.03% and the Russell 2000 fell 2.2%. It was the biggest one-week drop in the market since August, with most of the damage coming on Friday. Positive earnings surprises recorded by companies in the Information Technology sector were mainly responsible for [...]

2020-01-27T09:43:19-06:00January 27th, 2020|