Last Week: We were often reminded during the recent challenging economic period that the market climbs the wall of worry. The inverse proposition might caution that the market can slide down the chute of good cheer. Following up on our most recent commentary, the...
Last Week: In the Kuby’s Commentary version of “Rally, Rinse, Repeat,” we once again report that the market set new record highs, the economic data was mixed, the battle with COVID-19 raged on, and the politicians were mired in debate over the size and scope of...
Last Week: Trading was extremely volatile with the VIX surging over 50% to 33.09 and the S&P 500 shedding 3.31%. It seems worth noting that these spikes in volatility and sell-offs in equities occur regularly and should not be alarming. What is alarming is the...
Last Week: The market treaded water until Friday morning, when a flurry of positive news stories invigorated Wall Street. Strong Chinese exports and money supply growth, record earnings form JPMorgan, a well-received DIS streaming analyst meeting, and a big $50B oil...
Last Week: What a difference a month makes. December was one of the worst months for the stock market in history, with December 24, 2018 the worst Christmas Eve on record. Flip the calendar forward, and 2019 kicked off with the best January performance in 30 years....
Last Week: The market continued its recent rebound, as the narrative has shifted to include a more dovish Fed policy as well as a positive resolution of the trade war with China. The momentum-based trading models (are there any other trading models these days?) all...
Last Week: At the end of August, we noted a disconnect between the news flow and the markets performance: “The often-cited adage is that the stock market climbs the wall of worry. I would suggest that the current market is instead climbing the wall of “whatever”,...
Last Week: Baby, it’s cold outside, and on Wall Street. Parenthetically, the Frank Loesser classic holiday song of that title (the “Elf” rendition is my favorite) has been banned from certain radio stations, but that’s a topic for a different forum. The glow from the...
Last Week: In the NFL, the Chicago Bears had a bye on Sunday, which means they didn’t get to play. Apparently, the Wall Street Bears followed suit, as the S&P 500 staged an impressive 4.85% rally without meeting much resistance. It was the S&P 500’s best...
Last Week: The market resumed its downward trend, with the S&P 500 shedding 1.61% and the Russell 2000 declining 1.42%. All ten sectors experienced losses, with Oil & Gas shares faring the worst as crude oil prices dropping for a record 12 straight days to...
Last Week: Global trade tensions once again dominated the news, as the U.S. announced additional tariffs on $200 billion of Chinese goods. Curiously, the S&P 500 responded by rallying 1.5% and the Dow Jones Industrial Average 2.3%. I believe Fed Chairman Jerome...
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