by Dan Gibby | Jul 31, 2022 | ETF Past Letters
The broader markets had a beautiful 3-day rally starting Wednesday even before the FOMC announcement. It was the best month since November 2020. We commented, “could this be the start of a short- to intermediate-term bottom, or just another bear market bounce...
by Dan Gibby | Jul 24, 2022 | ETF Past Letters
The broader markets had a nice bounce to close the week positive but had a bearish reversal on Friday, particularly with many Nasdaq stocks. Last week we said, “Friday’s bullish gap and close followed more positive retail sales. The fact that it digested the...
by Dan Gibby | Jul 17, 2022 | ETF Past Letters
The broader markets had a nice bounce to close the week but still closed the week negative with CPI being reported at over 9%, a 40+-year high. Federal Reserve Bank of Cleveland President Loretta Mester commenting on the inflation numbers said “There was...
by Dan Gibby | Jul 10, 2022 | ETF Past Letters
The broader markets had their bullish bounce last week as we predicted. The Nasdaq Composite was the best performer, up 4.6%. However, until proven otherwise, they are just bear market bounces in downtrends. Despite recession fears, the job market remains...
by Dan Gibby | Jul 3, 2022 | ETF Past Letters
The broader markets – and bonds and cryptocurrencies – had a horrible first half of the year. Despite stocks rallying on Friday, equities had their worse year-to-date performance since 1970. Interest rates fell as signs of economic weakness have risen. Among...
by Dan Gibby | Jun 26, 2022 | ETF Past Letters
The broader markets broke their losing streak, with the index ETFs gaining between 5.4 – 7.5%. And Friday’s strength occurred despite the record negative consumer sentiment reading! Perhaps the result of “bad news is good news” which, combined with yields...
