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:

Bruised Bulls and Confused Bears

Last Week In times of great uncertainty in the market, we tend to turn to music or literature for a relevant quote, often Bob Dylan’s lyrics: “There’s too much confusion here said the joker to the thief.” Cameron Dawson, from New Edge Capital Group, in her most recent...

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Poof! Goes $5 Trillion

Last Week Trading was rough for Tech Bros and their shareholders as Intel, Alphabet, Amazon, Nvidia, and others posted over $5 trillion in losses. In a dramatic shift from the market trends of the past few years, all other sectors finished in the green, and advancing...

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A Few Tricks, Plenty of Earnings Treats

Last Week The tricks and treats on Wall Street are giving investors a spooky time, most recently coming from goblins in Muse costumes. Indeed, stocks traded higher through Wednesday, with SpaceX’s earnings fueling optimism. That rally proved short-lived as Meta’s...

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Tech Wreck & Bulls on Deck

Last Week AI economics and inflation data cast a shadow over Wall Street. The Tech sector’s woes worsened, as the Nasdaq Composite plunged 4.5%. The AI stocks that have skyrocketed over the last few years bore most of the downward pressure, with the SOXX (iShares...

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Stocks Look Up, Consumers Feel Down

Last Week The market shrugged off earlier losses to end the week on a positive note. The S&P was up 1.2%, and the Nasdaq was up 0.6%. Beneath the headlines, the broader market was more mixed, with advancing and declining issues roughly evenly matched despite gains...

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Sox and SOXX Rally, Cubs and Bonds Tumble

Last Week SOXX and White Sox fans celebrated, while the broader market struggled and the Cubs stumbled.  Despite cooler-than-expected September jobs data, bond yields continued to climb to multi-decade highs, with the 10-year Treasury yield jumping another 10 basis...

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Bonds Trounced while Tech Stocks Bounced

Last Week U.S. consumer sentiment slipped to a four-month low in September, Treasury yields spiked to their highest levels since 2007, the war raged on-but oil prices dropped, Xi Jinping and Trump held a summit, and Meta (a)Mused investors with its new AI tool. Wall...

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A Hike, a Spike, and a Market Divide

Last Week The Federal Reserve raised interest rates, Treasury yields climbed, AI leaders called for slowing advanced model development, and the war raged on. Whereas the headline numbers suggest the market digested those developments well, with the S&P 500 ticking...

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Wall Street’s Triple Trouble

Last Week Wall Street’s three-ring circus of AI developments, Fed Policy, and the war continued to capture traders' attention, with the latest acts driving a downturn in financial markets. Concerns over the vast sums firms are spending on AI development have weighed...

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The Three-Ring Market Circus

Last Week Recent Wall Street trading has evolved into a three-ring circus, with AI developments, Fed Policy, and the War captivating investors. Those circles intersect as the war's inflationary impact influences Fed policy, massive debt issuance and spending by AI...

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Market Commentary by Eric Kuby, Chief Investment Officer of North Star Investment Management