Robust Rally A robust rally on Friday erased the losses from earlier in the week, with high-profile tech stocks leading the bounce. Netflix Inc (NFLX) surged 8.5% after gaining more subscribers than expected, and Alphabet Inc (GOOGL) added more than 5% after Google...
Sugar Rush The stock market got a pre-Halloween sugar rush, with the S&P 500 3.9% higher, the Nasdaq showing a 2.2% gain, and the Russell 2000 jumping 6.0%. The rally from the previous Friday continued through Tuesday, but disappointing results from Alphabet and...
Eric Kuby, Chief Investment Officer, will be interviewed on TD Ameritrade Network’s The Watch List hosted by Nicole Petallides. To hear North Star’s thoughts on market pessimism as well as our bargain stock picks, tune into the link below at 1:30 PM CT/2:30 PM ET....
Dark Clouds Descend The stock market’s losing streak continued into May, as the Dow Jones Average lost 0.2%, its sixth straight declining week, while the S&P 500 also fell 0.2%. Once again, the losses were heavier in the Nasdaq Composite and the Russell 2000,...
FAANG in Flux For the second week in a row, the market was slightly ahead through the Thursday afternoon coffee break only to nosedive into the weekend. By the closing bell on Friday, the S&P 500 had shed 3.27%, the Nasdaq was down 3.93%, and the Russell 2000 lost...
All about AAPL The selling from the previous week intensified Monday morning with tech stocks bearing the brunt of the pain as the Nasdaq plummeted 4.90%. During afternoon trading all those losses plus another 0.6% were recouped, representing one of the biggest...
Cheer Over Fear With the holiday season approaching, the market produced one of its best weekly returns since Valentine’s Day, as buyers saw silver linings in all the otherwise cloudy news. Showing cheer rather than fear, investors shrugged off the consumer price...
Transitioning from Transitory to Tactical In our commentary from the week of June 21, 2021, we offered the following thoughts concerning Fed Chair Jerome Powell’s description of inflation as being “transitory”: Poor Jerome Powell probably listens to the opening of...
October is Over October finished on a high note, with the stock market having recouped all of September’s losses and reached record highs on Friday. Strong earnings reports from most companies overshadowed near-term weak economic data and disappointing quarterly...
Panic or Pivot? In the 1995 classic animated film “Toy Story” in a time of crisis Buzz Lightyear proclaims “Sheriff, this is no time to panic…” to which Sheriff Woody replies “This is the perfect time to panic!” Sheriff Woody would probably be experiencing incredible...
Last Week: Since the end of April when Fed Chair Jerome Powell dismissed inflation pressures as being temporary, “transitory” has become the new bullish buzzword for the stock and bond markets. The 5% year-over-year increase in the consumer price index reported on...
Last Week: The Stock market seems to have become comfortably numb to good news, as equities essentially treaded water despite a plethora of good news from economic data, monetary policy, and corporate earnings. The S&P 500 reached another record high on Thursday...
Last Week: The economic data was fairly consistent with expectations, as the Bureau of Economic Analysis estimate of fourth-quarter GDP increased to 4.3% from the last estimate in February of 4.1%. Personal Income declined 7.1% month over month, after jumping 10% in...
Last Week: “Help!” Apparently, our representatives in Washington were unable to “Come Together” and pass a bill to provide the needed funds to give the economy a desperately needed shot in the arm. The damage was reflected in applications for U.S. state unemployment...
Last Week: The Chicago and Wall Street Bears were both in hibernation as Thanksgiving gave way to winter. I turned off the game versus the Packers last night at halftime. Without Akeem Hicks in the middle, my 18-month old granddaughter Jane could probably gain 5 yards...
Markets: It was the worst week in the market since March, with the S&P 500 sinking 5.6% and small caps faring even worse shedding 6.22%. Volatility surged with the VIX spiking 38% to match its highest level since June. The chart below shows the percentage changes...
Markets: The high for the week was set on the opening Monday morning, but those modest gains quickly evaporated by lunch time as the S&P went negative -0.5%, and basically stayed around that level the rest of the week. Small and Mid-Cap stocks fared slightly...
Last Week: The Bears are back in action. On Wall Street the market labored to find its footing following the holiday weekend, with the S&P declining 2.5% to post its first back-to-back weekly loss in four months. The Tech sector had its worst week since March with...
Last Week: At lunch on Friday I saw a band called “The Momentum Traders” singing a somber tune: Yesterday The market was such an easy game to play Now it looks as though might stocks might sway Oh, I believe in yesterday Suddenly My portfolio isn’t what it used to be...
Last Week: The glass is half empty: For Q2 2020, the blended earnings decline for the S&P 500 is -35.7%. If -35.7% is the actual decline for the quarter, it will mark the largest year-over-year decline in earnings reported by the index since Q4 2008 (-69.1%). The...
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