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:
Rising Prices
Last Week: The U.S. economic data and corporate earnings reports clearly indicated a strengthening recovery, along with new signs of mounting inflationary pressures. Retail sales surged 9.8% in March compared to the prior month, its steepest increase since May last year, when the retail sector rebounded from the early [...]
Get What You Want & Take What You Need
Last Week: Investors continued getting what they want, as well as what they need, despite some storm clouds forming on the horizon. Stocks rallied to close once again at record levels Friday, with the S&P 500 topping 4,100, as investors ignored concerns about inflation even while March core producer [...]
This Rally is No Joke
Last Week: The S&P 500 crossed over the 4,000 threshold on April Fools’ Day to set another record, finishing up +1.14%. Small caps were not joking around, with the Russell 2000 gaining +1.46%, and the Tech sector pranked its detractors by bouncing +3.15%. Trading volume was extremely light, reaching [...]
Credit is Money
Last Week: The economic data was fairly consistent with expectations, as the Bureau of Economic Analysis estimate of fourth-quarter GDP increased to 4.3% from the last estimate in February of 4.1%. Personal Income declined 7.1% month over month, after jumping 10% in January, and Spending declined 1% after increasing [...]
$5 Trillion Brick House
Last Week: The Big Bad Bond Market once again bared its jagged teeth, as the yield on the Ten-Year Treasury climbed another 10 basis points to breach the 1.75% level for the first time in 14 months. The stock market showed signs of fear as the Dow and S&P [...]
The Pump is Primed
Last Week: The economic outlook continued to brighten, with the pandemic subsiding and the potent combination of monetary and fiscal policies priming the growth pump. The Big Bad Bond market growled as the 10-year Treasury yield jumped 8 basis points to 1.64%, hitting its highest level since February a [...]
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