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:
High Water Mark
Last Week: Tuesday was a tough day, with the S&P 500 sliding 1.3% and the yield on the Ten-Year Treasury topping 3% inter-day. The rest of the week, the stock market made up those losses to finish unchanged, and the Ten-Year Treasury also finished where it...
3% Danger Zone?
Last Week: Rising interest rates, rising corporate profits, and company specific news, were the three main drivers in the market, which finished modestly positive as the S&P 500 posted a 0.52% gain. The Ten-Year Treasury yield jumped 12 basis points to 2.95%, its...
Gap Week
Last Week: The short story is that the S&P 500 gained 1.99%, as easing trade tensions with China, strength in the Energy sector, and the outset of a very strong earnings season provided the backdrop. The long story is that each day exhibited volatile swings, with...
Fasten Your Seatbelt
Last Week: It was a turbulent week in what is developing into a volatile year in the stock market. In fact, we have already had more than three times as many days of 1% or more changes in the S&P 500 this year than we had in all of 2017. Additionally, all the...
Overdue or Overdone
Last Week: A rally on Thursday capped off a volatile holiday-shortened week, and left the equity indices in the green, with the S&P 500 posting a 2.03% gain. Technology stocks drove most of the swings, as the debate raged between the the sector sell-off being...
A Stormy Week
Last Week: It was quite stormy in Washington and on Wall Street, as it was the worst week for the stock market since January 2016, with the S&P 500 declining almost 6%. Early in the week it was the technology stocks that fared the worst, with the disclosure that...
Half-Empty
Last Week: The glass was half-empty, as the rally that was ignited by the previous week’s release of the February Jobs report proved to be short lived, and the S&P 500 declined Monday through Thursday before bouncing on Friday to finish the week down 1.2%. A...
Glass Half-Full Again
Last Week: Like following a well-written television series, one needs to watch all the previous episodes to appreciate the nuances of the plot twists in “Trumpworld” (no disrespect intended, the POTUS would probably like the title anyway). In August, rumors of Gary...
The Headline Olympics
Last Week: It was the headline Olympics last week, with Putin, Mueller, Powell, and Trump competing for medals. Putin failed to make the podium, despite boasting of a new generation of “invincible” nuclear -capable Russians weapons. Mueller earned the bronze medal,...
All Eyes on the Ten-Year
Last Week: Even though the S&P eked out a modest gain, the almost minute by minute focus on interest rates has certainly made the stock market ride quite bumpier. In the chart below, the top panel shows the S & P 500 and the bottom panel the yield on the...
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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.