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:
Arc of Modest Optimism
Last Week: Where are we and where do we go from here? Reflecting on the current status of the economy and markets, I find myself swaying back and forth on the optimism/pessimism pendulum. Although on balance trending more towards the arc of optimism. Certain data...
Rally, Rinse, Repeat
Last Week: In the Kuby’s Commentary version of “Rally, Rinse, Repeat,” we once again report that the market set new record highs, the economic data was mixed, the battle with COVID-19 raged on, and the politicians were mired in debate over the size and scope of...
The Bulls are Back
Last Week: The Bulls are back, and I am not talking about the Chicago Bulls. The stock market rebounded from its brief slump to post its best weekly gains since November, with the S&P 500 bouncing 4.65%. Small cap stocks continued their recent surge, as the...
Bubble Trouble
Last Week: Trading was extremely volatile with the VIX surging over 50% to 33.09 and the S&P 500 shedding 3.31%. It seems worth noting that these spikes in volatility and sell-offs in equities occur regularly and should not be alarming. What is alarming is the...
New Administration, New Records
Last Week: The stock market reached a new record high on Thursday, fueled by optimism over the Biden administration’s priorities of coordinating a national response to the COVID-19 pandemic, increasing payments to struggling individuals and businesses, and continuing...
Mixed Bag
Last Week: It was a mixed bag of tricks and treats for stocks, with the S&P 500 suffering its worst decline since Halloween at -1.5%, while the Russell 2000 gained 1.5%, and 1827 advancing issues outnumbered 1402 decliners. The dollar, gold, and interest rates...
What a Week
Last Week: Cheers! The Wall Street party raged on as the S&P 500 rose 1.8%, to 3824.68, Nasdaq Composite gained 2.4%, and the Russell 2000 surged 5.9%. It was the best start to a year for small caps since 1987 (causing a party on North Star Street). On the other...
The Ball Dropped
Last Week: If a ball drops in Time’s Square but the public is not invited, then is it still New Year’s Eve? In any event, the party on Wall Street raged on, with the S&P 500 gaining 1.43% to finish at a new record high. Profit-taking hit the small caps, as the...
Long Strange Year
Last Week: Welcome to the last week of 2020. One might say it done come and gone, and my oh my what a long strange trip it has been indeed. The fiscal stimulus saga, which first grabbed headlines in June, took another twist as Congress finally passed a $900 billion...
Help! Might Be Coming
Last Week: “Help!” Apparently, our representatives in Washington were unable to “Come Together” and pass a bill to provide the needed funds to give the economy a desperately needed shot in the arm. The damage was reflected in applications for U.S. state unemployment...
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Market Commentary by Eric Kuby, Chief Investment Officer of North Star Investment Management