by Dan Gibby | Jun 19, 2022 | ETF Past Letters
The broader markets closed down another week after the relentless selling which started the prior Thursday afternoon ahead of the CPI number showing 40-year high inflation. The Fed raised rates 75 basis points in response. With the broader markets down 5-6% on...
by Dan Gibby | Jun 12, 2022 | ETF Past Letters
The broader markets closed at the lows with relentless selling starting Thursday afternoon, breaking down from the recent trading range. Treasury yields and oil rose. Friday the selling continued unabated on the worse inflation numbers, which are at 40-year...
by Dan Gibby | Jun 5, 2022 | ETF Past Letters
The broader markets closed mostly lower, chopping around in a wacky trading range. Treasury yields and oil rose. QQQ, SPY, and DIA were down about 1% on the week. The S&P 500 is down 12.76% for the first five months of 2022. However, the bearish reversals...
by Dan Gibby | May 29, 2022 | ETF Past Letters
The broader markets broke their 7-8 week losing streak with robust rallies across the board, closing at their highs on Friday. Bear market rally or the start of a bottom? The media’s rationale was that the Fed might not have to tighten monetary policy...
by Dan Gibby | May 21, 2022 | ETF Past Letters
Despite the broader markets’ late afternoon short-covering rally Friday afternoon, the S&P was down almost 20% at its low. The Nasdaq is already in a bear market and was approaching a 30% drop. According to Wilshire Associates, the U.S. stock market...
by Dan Gibby | May 15, 2022 | ETF Past Letters
The broader markets rallied late afternoon Thursday and Friday after being on the verge of collapse. But this begs the question of whether or not this is the start of a bottoming process or a bear market rally? The Nasdaq is in a bear market; the S&P was...
