Kuby’s Commentary
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:
Earnings Matters and Falsely Talking
Last Week The stock market marched to new record highs as a barrage of strong earnings reports from Big Tech firms outweighed a hawkish and divided Federal Reserve policy decision, a spike in oil prices, and continued uncertainty around the path to peace in the Middle...
Not So Strait Forward
Last Week Despite peace talks stalling out and oil prices surging, the financial markets remained stable. Strong corporate earnings reports and solid economic data offset the war news. S&P 500 blended earnings for the quarter increased to 15.1% from 13.0% the week...
Risk-On Reverie
Last Week It was a “risk on” party across the financial markets. The S&P 500 gained 4.5%, the Nasdaq Composite rose 6.85, and the Russell 2000 added 5.6%. Advancing issues more than tripled the number of declining issues, as the Technology sector soared 8.4% while...
Fleeting Chorus of Calm
Last Week Wall Street heard a few measures of a peaceful, easy feeling, and the market did not let us down, with all the major indexes posting significant gains. Once again, it was the war narrative that moved the markets. The verse of “a whole civilization will die...
Optimistic Bounce
Last Week The stock market snapped its five-week losing streak on Wall Street, as equities traded higher during the holiday-shortened week, fueled by a stronger-than-expected March jobs report and some optimism that President Trump is moving towards ending the war...
Nothing Else Matters
Last Week Trading started on an upbeat note on Monday after President Trump suggested the war in Iran was nearing an end. Trading closed on Friday at recent lows as the war raged on with no end in sight. Nothing else mattered. The S&P 500 lost 2.1%, the Nasdaq...
Markets at the Mercy of Headlines
Last Week It was a sea of red across financial markets as the conflict in the Middle East intensified and the economic data suggested that inflationary pressures lingered. Meanwhile, the Federal Reserve announced its decision to keep interest rates unchanged, with a...
Bombs, Bonds, and Stocks Fall
Last Week War. What is it good for? Absolutely nothing for the financial markets. The global stock markets continued to trade lower as the war in the Middle East intensified, driving energy prices to their highest levels since 2022. The S&P 500 extended its losing...
Not a Nice Narrative
Last Week The Middle East erupted in war after the U.S. and Israel unleashed Operation Epic Fury, launching a joint military strike against Iran, decimating military targets, and killing Supreme Leader Ayatollah Ali Khamenei. Iran responded with a wave of missile and...
Wall of Worry Under Construction
This Week Trading activity across all asset classes is going to be extremely volatile. Whereas we typically begin with a recap of the prior week, developments over the weekend warrant flipping the order. Global equities initially sold off after the U.S. and Israel...
Sign up to receive a weekly email with Kuby’s Commentary.
Kuby’s Commentary & Quarterly Update Archives
Explore Other Insights
Quarterly Update
Market Commentary by Eric Kuby, Chief Investment Officer of North Star Investment Management