Kuby’s Commentary

Confidence Restored “If I had ever been here before I would probably know just what to do…” The lyrics from the CSNY song “Déjà Vu” – which was released exactly 53 years to the day from the onset of the SVB collapse – provide our rationale that the mistakes that...

There will be no podcast version of this week’s blog as Research Analyst Brooke Kuby is participating in the annual Roth MKM conference. Fallout Three years ago, the onset of the Covid-19 pandemic created a seismic shift in the global economies and financial markets....

Course of Action The stock market bounced back from its worst week of the year, finishing with its best day of the year on Friday. The rally seemed to be triggered by the comments from Atlanta Fed President Raphael Bostic Thursday afternoon, in which he suggested that...

Damage from Data “The Wacky U.S. Economy” is the most recent Barron’s magazine cover story. The article  suggests that there is no precedent for the current economic conditions, therefore traditional monetary policy and forecasting tools are ineffective. Specifically,...

Recovery Ahead Whereas most media outlets seem to subscribe to the commonly accepted principle that bad news sells, we would prefer to channel the 1974 hit song from Rufus and Chaka Khan, “Tell Me Something Good”. Case in point, the hotter than expected CPI and PPI...

Humdrum Geopolitical tensions, hawkish Fedspeak, and lackluster earnings combined to produce humdrum financial markets. It was geopolitics on Monday with the U.S. shooting down a Chinese spy balloon over the coast of South Carolina. Several more flying objects were...

Five Words The combination of 5 dovish words from the Fed and encouraging data on the economy was able to overcome lackluster earnings reports and drive stock prices higher. Earnings reports continued to be subpar midway through the fourth quarter earnings season with...

Solid Start Stocks registered their best weekly percentage gains since November, as the economic data releases and the corporate earnings reports encouraged investors. On the economic front, the University of Michigan Consumer Sentiment Index climbed in January to its...