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:
Pillars of Pessimism
Watch the replay of Eric’s April 20th small cap segment on TD Ameritrade Network here. Stalemate April trading remained somewhat calm and quiet, with the S&P 500 slipping 0.1%, the Nasdaq sliding 0.4%, and the Russell 2000 gaining 0.6%. It has been one of the least volatile months in [...]
Bulls on Wall Street Score (But Not in Chicago)
A Case for the Consumer Last week, the equity markets rose supported by mounting evidence of disinflation and solid results from JPMorgan Chase & Co (JPM) and other large banks. The gains were muted by the release of the Fed’s March FOMC minutes on Wednesday and an unexpectedly weak [...]
Crude Reality
Modest Rebound Trading got off to a crude start Monday as oil prices surged following news of a production cut led by Saudi Arabia. Regional banks got hit on Tuesday as analysts cut price targets on the group, in an excellent example of closing the barn door after the [...]
A Tasty Turn
Volte Face It was all good news for the equity markets starting with the FDIC backed acquisition of SVB by First Citizens Bancshares on Monday and ending with a tame inflation report on Friday. Every sector of the market rallied with advancing issues outnumbering declining issues by nearly seven [...]
Balancing Act
Monetary Phenomenon Bankers around the world stole the headlines and fortunately not their depositors’ money. The new breed of bankers is quite different than those envisioned in the song “A British Bank” from Mary Poppins: “They must feel the thrill of totting up a balanced book A thousand ciphers [...]
A Clue What to Do
Confidence Restored “If I had ever been here before I would probably know just what to do…” The lyrics from the CSNY song “Déjà Vu” – which was released exactly 53 years to the day from the onset of the SVB collapse – provide our rationale that the mistakes [...]
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