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:
Baby Steps
Last Week: The market opened modestly higher Monday morning in response to the shift away from imposing tariffs on Mexico over the weekend and then treaded water the rest of the week to register 0.47% gain by the closing bell on Friday. The Ten Year-Treasury rate was also steady, [...]
Slightly Cold Porridge and a Pretty Hot Market
Last Week: Since the end of September, Federal Reserve and Trade policies have been the two storylines that have influenced the mood on Wall Street. Simply stated, the market wants the Fed to lower interest rates and for tariffs to go away. As a result, slightly cold porridge is [...]
Not So Very Merry Month of May
Last Week: The focus was clearly on trade issues, with bad news bookends from China and Mexico. Early in the week China indicated that it would retaliate to recent U.S. actions by using its 80% dominance of rare-earth metals used in high tech gear. Technology shares suffered further losses, [...]
Fluctuations
Last Week: Legend has it that a young man ventured to inquire J.P. Morgan’s opinion as to the future course of the stock market. The alleged reply has become classic: “Young man, I believe the market is going to fluctuate.” From February 2016 until February 2018 the market violated [...]
Just Another Manic Monday
Last Week: The “candid and constructive” tweet rally from the previous Friday was short-lived as hopes of a trade deal evaporated by Monday morning after China said it would raise tariffs on U.S. goods and President Trump signed an executive order banning telecommunications equipment built by foreign adversaries (aimed [...]
Tweeting Away the Complacency
Last Week: “He rocks in the White House all day long Hoppin' and a-boppin' and singing his song All the little traders on Wall Street Love to hear the President go tweet-tweet-tweet” Adapted from the Bobby Day classic “Rockin Robin” These are strange times indeed that we live in. [...]
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