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:
Gloom But No Doom
Last Week: The wintertime blues seem to be settling in as this very strange year comes to a close. Perhaps my mood is colored by the Chicago Bears' inexplicable loss the previous Sunday, or the grey skies and blustery weather, but the news on Main Street seemed pretty...
The Half-Full Tipped-Over Glass
Last Week: All three major large cap stock market indexes closed at all-time highs Friday as Congress appeared to make progress toward passing a COVID-19 stimulus bill. A weaker than expected rise in November non-farm payrolls had the bad-news-is-good-news effect on...
Bears Hibernating as Animal Spirits Rise
Last Week: The Chicago and Wall Street Bears were both in hibernation as Thanksgiving gave way to winter. I turned off the game versus the Packers last night at halftime. Without Akeem Hicks in the middle, my 18-month old granddaughter Jane could probably gain 5 yards...
Small Caps Zoom
As we approach the Thanksgiving holiday, it would be an epic understatement to say that 2020 has been a most unusual year. In our family my birthday on March 12 comes first in the calendar and my son Alex’s on November 19th comes last. Flashing back to March 12th, I...
The Market Gets A Booster Shot
Markets: Monday morning Pfizer announced that early data from its coronavirus vaccine shows it is more than 90% effective with no serious side effects. The study should be concluded by the end of the month with the likelihood of emergency FDA approval to follow post...
Blue Undertow Bounce
Markets: What a difference a week makes. A blue undertow (Biden won, but the Senate appeared likely to remain with a Republican majority) swept into the sea of red and turned the market green. Volatility vanished and FOMOTINATE (Fear Of Missing Out There Is No...
Volatility Spike Three-Peat
Markets: It was the worst week in the market since March, with the S&P 500 sinking 5.6% and small caps faring even worse shedding 6.22%. Volatility surged with the VIX spiking 38% to match its highest level since June. The chart below shows the percentage changes...
My Way or The Highway
Markets: The high for the week was set on the opening Monday morning, but those modest gains quickly evaporated by lunch time as the S&P went negative -0.5%, and basically stayed around that level the rest of the week. Small and Mid-Cap stocks fared slightly...
Jam Tomorrow
For the next few weeks, we are going to format the Blog to cover the topics that seem to be of most interest, those being the markets, stimulus, economic reports, earnings reports, and COVID-19. We would appreciate any relevant feedback on this new layout. The...
Hopes, Concerns, and Stimulus
Last Week: From Dictionary.com: Stimulus (stim-yuh-luhs), noun. In economics, a stimulus is a government injection of money into an economy and intended to spur (stimulate) economic growth. If William Shakespeare were around in 2020 he might have penned “to stimulate,...
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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.