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:
Freezing Bears
A Visit from St. Stock Market ‘Twas a week before Christmas with stock volume light. Bears were selling with few bulls within sight. No news Monday and Tuesday let stocks lower drifted. Wednesday’s Nike and Fed-Ex earnings helped markets get lifted. Investors cheered Thursday’s inflation data decelerating, but cautious [...]
Another Fed Gust
Liftoff The Santa Claus rally seemed to get a nice liftoff Tuesday morning with the release of the November CPI, which showed solid evidence that inflationary pressures were easing dramatically. Importantly, with the month over month increase of just 0.1%, the cumulative inflation over the last five months has [...]
Lump of Coal
Spreading Cheer So far December has delivered a lump of coal to investors, with the market declining six of the seven trading days. The S&P 500 dropped 3.4% last week, while the Nasdaq and Russell 2000 fared even worse, shedding 4.0% and 5.1% respectively. The Utility sector eked out [...]
A Wonderful Wednesday Afternoon on Wall Street
Soft-ish It’s beginning to look like Goldilocks might be hitching a ride in Santa’s sled, with the odds for a “softish” landing continuing to improve. Even the big, bad, Fed Chair Jerome Powell restrained from huffing and puffing and blowing the economy down during his address at the Brookings [...]
Short Week, Happy Longs
Tasty The financial markets gave us tasty reasons to be thankful, with the S&P 500 advancing 1.5% the NASDAQ gaining 0.7% and the Russell 2000 rising 1%. Advancing issues outnumbered decliners 2.5-1, and all the equity sectors finished in the green. The yield on 10-year Treasury dropped 12 basis [...]
Pessimists Off Target
Piling on Pessimism The pessimism pendulum oscillated between fear of inflation and fear of recession, with a brief swing over to optimism following an encouraging report that confirmed the downward trend in inflation. The producer price index for October released on Tuesday came in below expectations, sparking a morning [...]
North Star may only transact business in a jurisdiction if first registered, excluded, or exempted from state investment adviser registration requirements and follow-up, individualized responses to persons in a specific jurisdiction by the Firm will not be made absent compliance with state investment adviser registration requirements, or an applicable exemption or exclusion therefrom.
The information provided in this commentary is not an offer to sell or the solicitation of an offer to purchase any security, product, or brokerage service.