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:
Tweet Forecast
Last Week: In the summer of 1983, while I was preparing to enter the training program at Drexel Burnham Lambert, the hilarious comedy “Trading Places” was released. The climax of the movie is the year-end release of the USDA report on the orange crop forecast, as all the traders [...]
A Rock and a Rollercoaster
Last Week: If you crawled under a rock on Sunday night and emerged on Friday afternoon and checked in on the markets, you would come to the conclusion that not much had happened. The S&P 500 finished down 0.33%, while the Dollar, Gold , and VIX (Volatility Index) were [...]
The Dialogue Continues
Last Week: The S&P 500 declined 1.01% and the Russell 2000 sank 2.52% as trade, IPO, impeachment, and economic concerns dictated the mood on Wall Street. The yield on the Ten-Year Treasury slipped 9 basis points to 1.68% and the Dollar gained 0.5% to test its recent highs. The [...]
Resilience or Indifference = Equilibrium
Last Week: There were numerous potentially troubling storylines starting with the attack on Saudi Arabia’s oil infrastructure on Monday and finishing with reports that the China had canceled a visit to Montana farms on Friday. In the middle, a shortage of cash in the banking system led to a [...]
Dream Week for Value Stocks
Last Week: Treasury yields rose sharply during the week after signs that U.S. consumer spending remained strong and on receding trade tensions between the U.S. and China. Additionally, both the CPI and PPI showed some signs of inflation. The “Crowd” got caught all-in on the recession trade, long bonds [...]
Ebb & Flow and a Field Goal
Last Week: The economic releases were consistent with a slowing economy in August, with the manufacturing ISM cracking below the 50 level (contraction) and the BLS jobs report coming in at 130,000 versus an estimate of 158,000. Neither of those reports should be cause for alarm, in a fact [...]
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