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:
October Treats
This Market Does Not Spook Easily October 2021 is shaping up to have more treats than tricks, following a scary September. After a rough start to the week, the market mounted a powerful rally on Thursday and Friday, with the S&P 500 posting a 1.82% gain to reach its [...]
Chutes and Ladders
Objective? Reach the "Winner" Square The stock market over the last few months parallels Hasbro’s Chutes and Ladders: “an exciting up and down game for little children.” On Monday the market slid down with energy prices spiking, festering fears of a U.S. default, and Facebook leading a sell-off in [...]
Don’t Press the Panic Button
Panic or Pivot? In the 1995 classic animated film “Toy Story” in a time of crisis Buzz Lightyear proclaims “Sheriff, this is no time to panic…” to which Sheriff Woody replies “This is the perfect time to panic!” Sheriff Woody would probably be experiencing incredible trepidation with elevated inflation, [...]
Rollercoaster Week
Stocks Move with the News It was a rollercoaster week on Wall Street, as investors dumped stocks on Monday as concerns over the possible collapse of China property company Evergrande and overall worries about China’s crackdown on indebted firms unnerved traders. Evergrande is the largest property developer in China, [...]
Noisy News but Quiet Week
Friend, Foe, or Fiction? The 50-Day Moving Average. Stocks touched their lowest levels in four weeks Friday, with the S&P 500 closing slightly below its 50-day moving average. Some chart-reading traders have expressed concerns that a key support area has been violated, possibly signaling an upcoming sell-off. The chart [...]
Transitory Bears
New Vaccine Mandates The definitions of “transitory” found on the internet range from “of brief duration” to “not permanent.” We believe that the two major economic challenges of inflation and COVID-19 will not be brief or permanent, so perhaps somewhere in the middle of the transitory range. Looking at [...]
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