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:
Punch Bowl is Still Full
Last Week:President Donald Trump and Chinese Vice Premier Liu He finally signed a phase-one trade deal on Wednesday. The eight-part deal includes protections for trade secrets and intellectual property, mechanisms for enforceability, and commitments by Beijing to increase purchases of U.S. goods and services by $200 billion over the next [...]
Upward Momentum Continues
Last Week: P=MV P=Momentum M=Mass V=Velocity The S&P 500 set another record on Thursday, as the upward momentum powered stocks through the destabilizing news flow from the Middle East. A minor sell-off on Friday following a tepid jobs report left the S&P 500 slightly below that record, but still [...]
Blurry Start to 2020
Last Week: The economic trends remained in place as 2019 wrapped up as the number of Americans who applied for unemployment benefits at the end of 2019 fell slightly, showing the pace of layoffs in the U.S. remains near a half-century low. Initial jobless claims slipped by 2,000 to [...]
2020: The Year of the Lion?
Last Week: The S&P 500 inched up 0.58% on extremely light volume to close at another record high. Small and Mid cap stocks drifted fractionally lower, and the yield on the Ten-Year Treasury slipped 5 basis points to 1.87%. There were a few reasons for good cheer. On the [...]
Bulls Run Wild
Last Week: The FOMOTINA Rally (Fear of Missing Out There Is No Alternative) kicked into high gear, with U.S. stocks hitting record closing highs again on Friday and the S&P 500 registering a 1.65% gain, its biggest weekly rise since early September. The rally was fueled by continued optimism [...]
RIP Bears
Last Week: The three big storylines of 2019, Trade, Brexit, and the Fed, were all at play, but generally were met with a muted response, suggesting the script writers need some new material to engage traders in 2020. The market drifted lower through Wednesday as investors were a bit [...]
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