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:
Disinflation Rally
Five Words The combination of 5 dovish words from the Fed and encouraging data on the economy was able to overcome lackluster earnings reports and drive stock prices higher. Earnings reports continued to be subpar midway through the fourth quarter earnings season with the expected blended earnings decline expanding [...]
Bull Stampede
Wild Rush The 2023 bull stampede on Wall Street continued as the economic data and corporate earnings reports declawed those grumpy bears. All the major market averages finished higher, with the Nasdaq Composite climbing 4.3% to rack up a fourth straight week of gains, while both the S&P 500 [...]
Dovish Data, Hawkish Talk
Robust Rally A robust rally on Friday erased the losses from earlier in the week, with high-profile tech stocks leading the bounce. Netflix Inc (NFLX) surged 8.5% after gaining more subscribers than expected, and Alphabet Inc (GOOGL) added more than 5% after Google announced plans to cut 12,000 employees. [...]
Bouncing Bargains
Solid Start Stocks registered their best weekly percentage gains since November, as the economic data releases and the corporate earnings reports encouraged investors. On the economic front, the University of Michigan Consumer Sentiment Index climbed in January to its highest level in nine months, providing evidence that the American [...]
A Goldilocks Job Glimpse
Normalizing, Not Overheating Nor Collapsing The stock market surged on Friday following the December employment report which showed strong hiring and a historically low jobless rate combined with cooling wage growth. Following the report, Tavis C. McCourt, Institutional Equity Strategist at Raymond James commented, “Inflation data will look increasingly [...]
The Quiet After the Storm
Good Riddance, 2022 The combination of Covid-19 concerns in China and the fourth consecutive month of housing price declines in the U.S. led to lackluster trading in the financial markets. In the equity indices, the S&P 500 slipped 0.1%, the Nasdaq Composite lost 0.3%, and the Russell 2000 was [...]
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