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:

The Fed’s Pickle

Last Week Corporate earnings reports were solid, but the news flow on tariffs, the jobs market, and the Fed soured the mood on Wall Street, leading to a down week for stocks. The S&P 500 shed 2.4%, the Nasdaq Composite slipped 2.2%, and the Russell 2000 slid 4.2%....

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Trade Truce, Market Cruise

Last Week The stock market reached its 14th record high of 2025 on Friday, with the S&P 500 gaining 1.5%, the Nasdaq Composite +1%, and the Russell 2000 +0.9% for the week. The number of Advancing issues was double that of declining issues, and every industry...

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Tariff Roundabout

Last Week It was a mixed bag for stock market investors. Strong performance in the Tech sector led to record highs in the S&P 500 and Nasdaq Composite, but underneath the surface, declining issues outnumbered advancing issues by a factor of 3-2, while...

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Tariff Teeter Totter 2.0

Last Week Wall Street was stuck on the tariff seesaw, teetering up on Monday and tottering down on Friday. The final tilt was slightly negative, with the S&P 500 -0.3% and the Nasdaq Composite -0.1%. Small caps had a rougher ride, with the Russell 2000 losing...

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Lots of Green for the Red, White, & Blue

Last Week There were fireworks on Wall Street as the stock market rocketed to a record close ahead of the July 4 Independence Day weekend. The positive sentiment came from an improved tariff tango tempo and a surprisingly strong June jobs report. The first positive...

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Buoyant Markets Ride the Peace Wave

Last Week A ceasefire between Israel and Iran, combined with the finalization of a trade agreement between the U.S. and China, sent stocks to a new record close. The ceasefire eased concerns about a widespread war in the Middle East and brought oil prices down...

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Steady Fed, Shaky World

Last Week All was quiet on the Wall Street front, as stocks ended largely unchanged for the holiday-shortened week. There were no surprises from the Federal Reserve’s monetary policy decision, and the uncertainty from the escalating conflict between Israel and Iran...

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Tame Inflation, Trade Tangles, & Turmoil in the Middle East

Last Week Thanks to positive trade developments and tame inflation data, the markets were trending higher through Thursday. Unfortunately, those gains were erased on Friday following a sharp escalation of the conflict between Israel and Iran, with both countries...

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He Said, Xi Said

Last Week A better cadence to the Tariff Tango and a solid jobs report combined to send stocks higher, with the S&P 500 reaching its highest level since late February. Trading got off to a “he said, Xi said” start following Trump's accusation that China had...

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Tariff Tango

Last Week It was a week of delicate footwork in the markets, as investors danced through a tariff tango of delayed duties, legal reversals, and geopolitical jabs. Following the long weekend, stocks got off to a spirited start on Tuesday after President Trump postponed...

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