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:
Mad March Bounce
Last Week: The global bounce-back equity rally resumed, as the S&P 500 posted its best week since November by gaining 2.89%. The narrative remained the same with accommodative monetary policy, subdued inflation, reduced trade tensions, and aggressive stimulus programs in China. The economic data was tepid as durable goods, [...]
Cold Porridge
Last Week: The temperature of the global economic data porridge was cold enough to nudge the stock market pendulum towards risk-off, as the ECB and China both reduced growth forecasts while the U.S. jobs report was downright frigid. Concerns shifted from monetary tightening by the big bad Fed to [...]
The Pendulum Rests
Last Week: Inertia: a property of matter by which it remains at rest or in uniform motion in the same straight line unless acted upon by some external force. With no changes to the narrative to motivate traders, the stock market pendulum has recently found a resting place. Fed [...]
Predictable Pattern Persists
Last Week: One of George Carlin’s best comedy routines was the insight from the Hippy Dippy Weatherman that the forecast for tonight would be dark. With continued dark overnight with widely scattered light by morning. Over the past two months, market gurus have been forecasting progress on trade talks [...]
Chameleon on the Run
Last Week: Where have all the Bears gone? Or perhaps the long-established visual of Bulls and Bears should be replaced with a cluster of chameleons (it’s actually a starship of chameleons according to Wikipedia, but that sounds made-up). The same chameleons that were relentlessly selling stocks from October through [...]
The Early Bird Sells too Soon
Last Week: The market held onto its post-Christmas gains as reasonably good corporate earnings outweighed new evidence of a slowing global economy and continued uncertainty over trade policy. On the earnings front the blended (combines actual results for companies that have reported and estimated results for companies that have [...]
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