by Dan Gibby | May 21, 2023 | ETF Past Letters
Despite Republicans walking out of the debt ceiling talks on Friday and Treasury Secretary Janet Yellen saying more bank mergers would likely occur (suggesting continued problems with regional banks), the S&P 500 broke out of its range on Wednesday and...
by Dan Gibby | May 14, 2023 | ETF Past Letters
The broader markets continued their whipsaw action from the prior week, all ending down slightly. It’s now six weeks of moves that were less than 1% in either direction. How long can this go on? The S&P 500 ETF ended the week with a narrow range inside a...
by Dan Gibby | May 7, 2023 | ETF Past Letters
The broader markets continued their whipsaw action from the prior week but closed with impressive gains on Friday after AAPL’s earnings and favorable jobs numbers. The Nasdaq was up the best at 2.25% and looks poised to break out on all time frames. The Fed...
by Dan Gibby | Apr 30, 2023 | ETF Past Letters
It was a busy week of earnings reports and economic data although many large-cap stocks held up incredibly well, particularly those with AI-themed companies. The broader markets were up modestly on the week with the Nasdaq the best after its two-day robust rally on...
by Dan Gibby | Apr 23, 2023 | ETF Past Letters
The broader markets were relatively unchanged last week and are close to unchanged in April. There’s been a lot of day-to-day chop-up and down – volatility intraday, but little change this month. If the narrow trading holds, it would be its...
by Dan Gibby | Apr 16, 2023 | ETF Past Letters
Although the broader markets were relatively unchanged last week, for the year they appear to ignore bad news and a recession, and pricing in peak inflation and a near-end to rate hikes. The S&P 500 has risen 7.8% for the year, the Dow Jones Industrial...
