by Dan Gibby | Feb 26, 2023 | ETF Past Letters
On the heels of higher-than-expected inflation numbers (PCE on Friday), the broader market index ETFs were down about 3% for the week, their worst of the year. There were many Fed speakers last week who reiterated the need to continue to fight inflation through...
by Dan Gibby | Feb 19, 2023 | ETF Past Letters
Despite rising yields over the past few weeks and a higher-than-expected CPI and PPI (inflation numbers), the markets held up better than expected. Although they continued to correct on the daily timeframe, there was no significant damage to the existing...
by Dan Gibby | Feb 12, 2023 | ETF Past Letters
The anticipated correction began last week, but there was no significant damage to the existing uptrends on the daily timeframe. There were a few Fed speakers last week which moved the markets as the Fed continues to fight inflation through higher rates. The...
by Dan Gibby | Feb 5, 2023 | ETF Past Letters
The Fed hiked rates ¼ point as expected last Wednesday. Powell’s comments ignited a buying frenzy. Bulls cheered when he said “The disinflationary process has started.” He sounded much more optimistic about where inflation was heading and why it was headed...
by Dan Gibby | Jan 29, 2023 | ETF Past Letters
As we approach the Fed’s upcoming two-day policy meeting starting Jan. 31st, the stock market continued its “buy the dip” mentality, closing last week with a robust across-the-board rally. The US economy is cooling and inflation receding as the Fed wants, but...
by Dan Gibby | Jan 22, 2023 | ETF Past Letters
The stock market is pricing in a “soft landing” scenario as the Fed continues to raise rates to fight inflation. Despite consumer demand falling, and wholesale prices falling (showing abating inflation), Fed officials are still talking about higher rates. Cleveland...
