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:
2nd Quarter 2019 Market Commentary
The S&P 500 Total Return Index gained 4.3% for the quarter and is up 18.5% for the year. The Barclays U.S. Aggregate Bond Index gained 2.4% for the quarter and is up 4.7% for the year. Markets responded to the potential progress in trade negotiations and the likelihood of [...]
October 2018 Reprise? Let’s Hope Not
Last Week: The first movement of August 2019 sounded like a reprise of the atonal first stanza of October 2018, with Fed and Trade policies combining to hurt the ears and wallets of investors. On Wednesday the Fed delivered a 25-basis point reduction in the target range for short-term [...]
FOMOTINA Rally Resumes
Last Week: As we approach half-time of earnings season, the usual pattern of companies reporting results that are above estimates is unfolding. Those positive “surprises” are responsible for the decrease in the expected overall earnings decline to -2.6% from -3.4% last week. Revenues are expected to increase at a [...]
Rally Pauses with a Whiff of Fear
Last Week: The news flow created slightly more fear than greed, as Fed officials talked down the likelihood of a 50-basis point rate cut and President Trump on Tuesday reiterated his threat to impose further tariffs on Chinese imports. Earnings season got off to a mixed start with CSX [...]
FOMOTINA Rally
Last Week: FOMOTINA: A rally fueled by the combination of Fear Of Missing Out with There Is No Alternative. Another week of gains for the S&P 500, which advanced 0.78% to top 3000 and close at a record high. The narrative (song) remained the same, as Fed Chairman Jerome [...]
G20 Relief Party with Fireworks
Last Week: The G20 Relief Party lasted through the Independence Day Holiday, with the market advancing for six straight days to reach a new record high on Wednesday. The very light volume suggested that many traders headed to their beach houses early in the week, and perhaps were in [...]
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