by Dan Gibby | Dec 4, 2022 | ETF Past Letters
Powell’s comments which started last Wednesday at 1:30 ET ignited a bullish party with the broader markets closing with bullish Wide Range Bars (+WRBs). The next two days were consolidation days which is bullish price action – particularly after the bearish gap...
by Dan Gibby | Nov 27, 2022 | ETF Past Letters
The markets closed with gains last week in the shortened, bullish Thanksgiving week, as yields and the US Dollar continued to retrace. In the last two weeks, there has been relatively little movement in the broader markets, which is not unusual after the prior...
by Dan Gibby | Nov 20, 2022 | ETF Past Letters
Last week in commenting about the prior week’s rally, we said that the “markets seem to be pricing in the “all-clear” on inflation topping out which will cause the Fed to not be as aggressive.” Last Tuesday’s weaker-than-expected PPI seemed to confirm this. Most...
by Dan Gibby | Nov 13, 2022 | ETF Past Letters
The markets rallied robustly last Thursday and Friday following the weaker-than-expected CPI. The Index ETFs were up between 4 – 8%, the best being the Nasdaq at 8.1%. Homebuilders and related stocks were up almost 10% after the XHB ETF was down 28% for the...
by Dan Gibby | Nov 6, 2022 | ETF Past Letters
Last Wednesday the Fed raised rates the expected 75 basis points, now bringing the Fed’s median policy rate expectation to 5.0% or higher. It wasn’t the rate hike that investors feared; it was the subsequent comments on future expected monetary policy. After an...
by Dan Gibby | Oct 30, 2022 | ETF Past Letters
On Wednesday the Fed will likely raise rates the expected 75 basis points, bringing the Fed’s median policy rate expectation to 4.4% by year-end. The Dow Jones Industrials closed up 5.7%, approaching its best month since 1976. So why did the markets rally...
