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:
40,000 and Rising
Last Week Traders on the NYSE floor could don their Dow 40,000 hats as Wall Street enjoyed another record-breaking week. The most significant market-moving news came on Wednesday with the release of the consumer price index for April. The data showed an increase at a...
May Flowers Following April Showers
Last Week The market rebound continued for the third straight week, erasing almost all of April's losses. Earnings season provided reason for optimism, as composite growth for the first quarter increased to +5.4% from +5.0% the previous week and the estimate of +3.4%...
Nothing Else Matters
Last Week A pair of “magnificent” earnings reports, somewhat dovish Fedspeak, and soft jobs data combined to form a winning hand for Wall Street. Following volatile trading Monday through Thursday, a powerful rally on Friday moved all the equity markets out of the red...
Correction, or No Correction
Last Week “Another Pullback” would have been a better title for our last commentary, rather than “Enter the Correction,” which proved premature as the market resumed its steady climb. In trader parlance, a “correction" is defined as a decline of 10%, and in this...
Enter the Correction
Last Week The stock market remained under pressure, with the S&P 500 extending its losing streak to six consecutive trading days on Friday while posting its worst weekly performance in over a year. The decline moved the index into correction territory, down over...
Stairway to a Sell-off
Last Week The “lady who is sure all that glitters is gold” and invests only in gold, was the sole happy camper on Wall Street, as the market posted its worst weekly performance since October. While gold historically has not been the most effective inflation hedge over...
A Cruel Start to April
Last Week Although not referring to the stock market, the first line in the T.S. Eliot poem “The Waste Land” reads, “April is the cruelest month,” and thus far, those words are ringing true for investors. Indeed, the month kicked off with the worst weekly performance...
Charging Forward
Last Week There were only bulls, no bears, lambs, or lions to be found on Wall Street in March, as the stock market came out as it came in, charging forward. The S&P 500 closed the holiday-shortened week at another record high, and the rally continued to broaden...
Chips and No Dips
Last Week It was chips without any dips as the market snapped its two-week losing streak. The party started Monday anticipating the annual GTC conference hosted by Nvidia, Wall Street’s AI chip darling. The company did not disappoint investors with a highly upbeat...
Not So Mad March Markets
Last Week Stock market bulls breathed a sigh of relief as the market digested slightly hotter-than-expected CPI and PPI numbers on Tuesday and Thursday. On Friday, however, Quadruple Witching futures and options-related trading pushed prices lower to close 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.