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:
Powell Packs a Punch
Waiting on Wyoming The sell-off that started the previous Friday continued Monday, as concerns deepened over a more hawkish tone from Federal Reserve Chairman Jerome Powell on the upcoming Friday at Jackson Hole. The market treaded water on very low volume Tuesday and...
Friday Fizzle
Walmart Sales Up, Gas Prices Down The stock market rally ran out of steam, as the S&P dropped 1.2%, the Nasdaq declined 2.6%, and the Russell 2000 slid 2.9%. Most of the damage was on Friday, without any specific news to account for the mood swing. Of note, the...
Getting Better
The Rally Continues It’s getting better all the time Better (inflation) Better (consumer sentiment) Better (corporate earnings) Stocks rallied for the fourth straight week, with the S&P gaining 3.2%, the Nasdaq advancing 3.1%,and the Russell 2000 surging 4.9%. The...
Still Hiring, Not Firing
An Economy Off Life-Support After much reflection we have come up with the novel concept that good news is actually good news. On Friday, the Labor Department reported that the U.S. economy added 528,000 jobs in July, more than twice as high as expected, and the...
Rate Rise Rally Redux
A Shift Back to Dovish Against the backdrop of the Fed raising rates and a shrinking GDP, the stock market finished July with a flourish as the S&P 500 rallied 4.5%, the Nasdaq gained 4.7%, and the Russell 2000 advanced 4.3%. The Oil and Gas sector was the...
It’s an Earnings Thing
Mixed Picture We finally got a break from having the market narrative being dominated by record inflation, the never-ending pandemic, experimental monetary policy, and the tragic war in Ukraine. Instead, the focus was on corporate earnings, with those companies who...
More Tug-of-War
Deep in Oversold Territory There is probably no better analogy for recent financial markets activity than the summertime-classic game of tug-of-war. The main players in this summer picnic classic are: (1) inflation reports and employment reports suggesting robust...
Dollar to the Rescue
Big Bad Fed The market rallied to kick off the back half of 2022, particularly for Tech stocks, as the key news releases comforted investors recession anxiety and their fear of the Big Bad Fed. The highly anticipated employment report showed that the U.S. economy...
Good Riddance
Yesterday, a tragedy occurred in Highland Park, IL, the location of North Star’s suburban office. The North Star employees are safe. We want to extend our deepest sympathies to the families of the victims and those affected by this senseless act. As always, we pray...
And Then There Was a Rally…
When Stocks Go Low… As is frequently the case in the stock market, just when it seems clearly to be the worst of times, suddenly it is the best of times. Against the bear market beat, the verse of impending recession, and the chorus of soaring inflation, the S&P...
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The North Star InvestCast aims to guide investors on actionable insights in the securities markets. Hosted by Eric Kuby, Chief Investment Officer of North Star Investment Management Corp.