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 SOXX Strike Out

Last Week Oil prices and semiconductor stocks dominated the trading headlines as the major indexes finished in the red with the S&P 500 and Nasdaq Composite down 1.6% and 2.9%, respectively. Small caps fared better, treading water, and advancing issues outnumbered...

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The Strait and Narrow

Last Week Technology and energy stocks rallied while other securities treaded water after President Trump declared the Iran ceasefire over, SK Hynix soared in the largest-ever foreign IPO, and PepsiCo’s second quarter results highlighted softer U.S. consumer demand....

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Relishing the Rally

Last Week A rebound in technology stocks, easing geopolitical tensions, and renewed hopes for interest rate cuts cheered investors as they headed to the celebration of our nation’s 250th birthday. Inclement weather across the country made BBQs and fireworks...

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The Magnificent Rotation

Last Week It has been interesting following the stock market's “Magnificent Seven” over the last few years, as investors found salvation in that narrow group of stocks, like the villagers placed their hopes on the 7 gunslingers in the 1960 classic movie. In the film,...

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Strait Talk

Last Week Investor optimism over a U.S.-Iran peace agreement and wild animal spirits over SpaceX drove the market higher despite a more hawkish-than-expected debut from Federal Reserve Chairman Kevin Warsh. Stocks surged Monday after the U.S. and Iran announced an...

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Small-Caps Soar, SpaceX, & the War

Last Week The stock market started trading below ground level but finished in outer space. Developments in the war set the negative tone early in the week, as President Trump threatened a renewed barrage and the Iranians shot down a U.S. military helicopter. On a...

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Gravity Returns

Last Week After months of defying bad news, gravity finally caught up with Wall Street last week, as investors reacted to a stronger-than-expected jobs report, geopolitical uncertainty, tariff noise, and weakness in Technology shares. Most of the damage came on...

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Peace Train Rally

Last Week During the Vietnam War, Cat Steven’s wrote the optimistic tune “Peace Train”, suggesting that “something good has begun”. Wall Street has jumped on board that train, believing the party line that the framework to end the conflict with Iran and restore...

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Whistling Past the Worries

Last Week The University of Michigan’s Consumer Sentiment Index fell to a record low in May as surging gas prices and renewed inflationary pressures intensified affordability concerns. The peace negotiations showed little sign of progress, and government bond yields...

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What the Kinks Said

Last Week In the 1970s the US suffered through two energy crises, first in 1973 and then again in 1979. During that 7-year time span the stock market sputtered with the Dow Jones Industrial Average declining from over 1003 to 824. The 1979 oil crisis, sometimes...

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Market Commentary by Eric Kuby, Chief Investment Officer of North Star Investment Management