by Dan Gibby | Sep 7, 2025 | ETF Past Letters
It’s funny how the media spins events to write a story.An article in Barron’s mentioned, “A lousy employment report Friday dropped like an anchor, pulling the market down from record territory.”Yes, it was a bad report and the markets sold off, but after a significant...
by Dan Gibby | Aug 31, 2025 | ETF Past Letters
This past week, markets consolidated after the rally, with the S&P 500 and Nasdaq easing modestly, while the Dow and small-cap stocks showed relative strength. Based on the weekly percentage changes, it was a relatively uneventful week. The long holiday weekend...
by Dan Gibby | Aug 24, 2025 | ETF Past Letters
Last week, the markets were squarely focused on Fed Chair Powell’s comments at the Kansas City Federal Reserve’s Economic Symposium in Jackson Hole.For the first time, Powell openly acknowledged that the Fed is now prepared to cut rates if conditions warrant. That...
by Dan Gibby | Aug 17, 2025 | ETF Past Letters
The markets were bullish last week in a churning fashion, up about 1%. The Nasdaq and S&P 500 close closed at new record highs, while the DIA hit one within the week before pulling back. IWM broke out decisively. Last Tuesday, the core inflation...
by Dan Gibby | Aug 10, 2025 | ETF Past Letters
Despite the prior week’s weak jobs data, Trump’s tariffs taking effect last week, ongoing record deficits, and rising war tensions, the Nasdaq hit a new record high, with the S&P 500 close behind, despite poor market breadth. The Mag Seven, AI and tech are...
by Dan Gibby | Aug 3, 2025 | ETF Past Letters
We can finally stop saying that the S&P 500 and Nasdaq hit new record highs.Friday’s weak jobs data and Trump’s tariff revisions led to the worse selling in months. The S&P 500, Nasdaq and Dow fell 1.6%, 2.2% and 1.2%, respectively, for the week.Other...
