Kuby’s Commentary
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:
Big Bounce
Last Week What a difference a week makes. One could simply reverse the narrative from last week’s commentary, “Rate Concerns Rising,” as tame inflation data led to a downtick in rates and the best weekly performance by stocks since the post-election rally in November...
Rate Concerns Rising
Last Week Stocks sank during the holiday-shortened week as solid economic data reignited concerns that the Federal Reserve will keep monetary policy tight in early 2025. In fact, several central bank policymakers hinted that the rate easing cycle might be on hold,...
Ho Hum Holiday Trading
Last Week The New Year got off to a sluggish start as uncertainty over the economic effects of the incoming administration’s policies and concerns about the recent hawkish monetary policy tilt weighed on sentiment. December proved to be an anticlimactic finish to a...
Santa Pause
Last Week The stock market was volatile during holiday-shortened trading, with light volume as many on Wall Street opted to take an extended holiday. There were hopeful signs of a Santa Claus Rally early in the week, as stocks posted their best Christmas Eve session...
No Holiday Cheer from the Chair
Last Week The good news for value investors is that on Friday the IVE (iShares S&P 500 Value ETF) snapped its 14-day losing streak. During that stretch, the Index lost more than 8%, which almost qualifies as a correction. The Small Cap Value Index has fared about...
The Smell of Speculation
Last Week If you asked somebody how the weather was that day, the answer would depend on several factors, with their location being the most important variable. The same dynamic holds when people ask, "How was the market today?” The answer depends on the individual...
Magnificent Crypto
Last Week It was the best of times for Magnificent 7 and Crypto enthusiasts, with both asset classes surging over 6%. Fundamental investors, handicapped by paying attention to traditional valuation measures, missed the party. In fact, declining issues outnumbered...
Tra-La-La-La-Rally
Last Week The Santa Claus rally that started in November 2023 continued to jingle away as the market logged its 53rd record high for 2024. While the Scrooges bemoaned inflation and tariffs, other investors embraced the strong economic data and loaded their...
Crypto Bananas
> Last Week A banana affixed to the wall with a piece of silver duct tape sold for $6.2 million to a cryptocurrency operator as the price of Bitcoin approached $100,000. Turning to more traditional assets, the U.S. dollar, gold, crude oil, and every stock market...
Not So Peaceful
Last Week For what it’s worth, there’s something happening here, what it is isn’t exactly clear, but Wall Street traders stopped and took the market down (inspired by Buffalo Springfield’s “For What It’s Worth”). In fact, the stock market has posted its worst weekly...
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The North Star InvestCast aims to guide investors on actionable insights in the securities markets. Hosted by Eric Kuby, Chief Investment Officer of North Star Investment Management Corp.