by Dan Gibby | Apr 9, 2023 | ETF Past Letters
The equity markets were relatively flat for the week although bond yields declined as weakening economic data increased recession fears. The Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 236,000 last month, showing that the...
by Dan Gibby | Apr 2, 2023 | ETF Past Letters
After a rocky start, the bulls came out in full force Wednesday and drove most markets higher into the end of the quarter on Friday. In addition to the relief that banks stabilized, and interest rates fell, the typical end-of-the-quarter window-dressing where...
by Dan Gibby | Mar 26, 2023 | ETF Past Letters
The erratic day-to-day trading continued last week. Most markets were down on the week following the Fed’s two-day meeting and anticipated .25% rate hike in the Fed Funds rate and more banking turmoil. During Powell’s interview on Wednesday, the markets...
by Dan Gibby | Mar 19, 2023 | ETF Past Letters
During the financial meltdown in various regional banks, large technology stocks – and semiconductor stocks in particular, and cryptocurrencies surged, while bank ETFs (XLF, KRE) and insurance stocks (KIE) tanked. The Nasdaq Composite gained 4.4%, in its best week...
by Dan Gibby | Mar 12, 2023 | ETF Past Letters
The broader market index ETFs closed a bearish week near the lows with many news events fueling the selloff. It started Tuesday with Fed Chairman Powell’s congressional testimony on the economy and monetary policy, Friday’s release of February’s solid jobs...
by Dan Gibby | Mar 5, 2023 | ETF Past Letters
Last week Fed Governor Waller said that higher rates might be needed to continue to fight inflation which sent the 10-year Treasury note over 4%. Nevertheless, the broader market index ETFs rallied between 1 – 2 % for the week which started Thursday...
