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:
The Sky Isn’t Falling
On Hold Chicken Little flew the coop as investors concluded that the sky was not actually falling following the passage of a debt ceiling bill that averted a U.S. default combined with the mounting evidence that future interest rate hikes are on hold. The next...
Questionable Intelligence
Closing In Artificial intelligence and questionable intelligence dictated the action in the financial markets. Early in the week stocks drifted lower as debt ceiling talks progressed without resolution and the Fed minutes showed uncertainty about future monetary...
A Better Tune
No Fresh Drama The equity markets moved higher, with the usual suspects (Apple and its fellow tech giants) continuing to lead the charge, but with the rally broadening out as other stocks joined the party. The Nasdaq Composite gained 3%, the S&P 500 rose 1.6%, and...
Time to Change the Tune
Last Week: Negative Spin Don’t worry, be happyIn every life we have some troubleBut when you worry, you make it doubleDon’t worry, be happyDon’t worry, be happy now Bobby McFerrin penned those lyrics back in 1988. Today’s grandstanding politicians and attention...
Resilient Friday Rebound
Another Rate Hike Uncertainty remained in fashion on Wall Street, with a mixture of comforting and disquieting headlines. On the one hand corporate earnings reports and the economic data releases were encouraging; on the other hand, there were fear mongering short...
A Solid Finish
Aftershock The market suffered from an SVB aftershock early in the week, as banking concerns resurfaced after First Republic Bank (FRC) revealed a continued deposit outflow. First Republic, the 14th largest bank in the U.S., relied on wealthy customers with large...
Pillars of Pessimism
Watch the replay of Eric’s April 20th small cap segment on TD Ameritrade Network here. Stalemate April trading remained somewhat calm and quiet, with the S&P 500 slipping 0.1%, the Nasdaq sliding 0.4%, and the Russell 2000 gaining 0.6%. It has been one of the...
Bulls on Wall Street Score (But Not in Chicago)
A Case for the Consumer Last week, the equity markets rose supported by mounting evidence of disinflation and solid results from JPMorgan Chase & Co (JPM) and other large banks. The gains were muted by the release of the Fed’s March FOMC minutes on Wednesday and...
Crude Reality
Modest Rebound Trading got off to a crude start Monday as oil prices surged following news of a production cut led by Saudi Arabia. Regional banks got hit on Tuesday as analysts cut price targets on the group, in an excellent example of closing the barn door after the...
A Tasty Turn
Volte Face It was all good news for the equity markets starting with the FDIC backed acquisition of SVB by First Citizens Bancshares on Monday and ending with a tame inflation report on Friday. Every sector of the market rallied with advancing issues outnumbering...
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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.