Kuby’s Commentary

Kuby’s Commentary2018-06-14T15:17:30-05:00

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:

Ebb & Flow and a Field Goal

Last Week: The economic releases were consistent with a slowing economy in August, with the manufacturing ISM cracking below the 50 level (contraction) and the BLS jobs report coming in at 130,000 versus an estimate of 158,000. Neither of those reports should be cause for alarm, in a fact [...]

September 9th, 2019|

The China Seesaw: Short Shallow Swings

Last Week: Once again the market movement seemed to be dictated by the tone of the trade talks. Whereas there were no actual developments, a Chinese request for “calm” in the trade war and the absence of any inflammatory tweets from the White House combined to lift traders’ moods [...]

September 3rd, 2019|

The Tweet Hit the Fan

Last Week: My commentary from the previous week finished on an upbeat note, “The tone on trade improved over the weekend after President Trump said that Tim Cook made a “very compelling argument” that the tariffs on Chinese imports gave Samsung an edge over Apple. Trump also tweeted that [...]

August 26th, 2019|

Recession Obsession

Last Week: On Wednesday night I got into an Uber and greeted my driver by saying that it was a beautiful evening. “Yes” he responded, “but the 2-10 curve has inverted and there is a recession coming in 18 months”. I’m not joking. That actually happened. The market had [...]

August 19th, 2019|

Much Ado

Last Week: There is much ado about the plummeting interest rate offered by the Ten-Year Treasury. Many experts are interpreting those declining rates at as harbinger of an impending recession. It’s interesting to take note that we have seen this pattern twice before since the Great Recession of 2009. [...]

August 12th, 2019|

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 [...]

August 8th, 2019|
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