by Dan Gibby | Jan 2, 2022 | ETF Past Letters
Despite record Covid-19 cases and more lockdowns, and the certainty of rate hikes on the horizon, the S&P 500 and Dow-30 closed at all-time highs. Unlike the prior week, however, travel-related stocks did not rally but retraced. The CDC recommending that...
by Dan Gibby | Dec 26, 2021 | ETF Past Letters
Despite record Covid-19 cases and more lockdowns, and the certainty of rate hikes on the horizon, the S&P 500 closed at all-time highs – even travel-related stocks rallied! Omicron has become the dominant variant but investors are happy that it is less...
by Dan Gibby | Dec 19, 2021 | ETF Past Letters
Crazy volatility followed the Fed’s policy meeting last Wednesday when it announced plans to accelerate stimulus tapering and intent to raise interest rates three times in 2022, possibly starting as early as March. The Bank of England did raise rates. Powell...
by Dan Gibby | Dec 12, 2021 | ETF Past Letters
Our bullish signal from the market internals – coupled with an elevated CBOE Volatility Index (“Fear Index”) — were dead on, setting the stage for multiple bullish gaps. The DIA, SPY & QQQ rallied robustly (between 3.6 – 4.0%), with the SPY closing at...
by Dan Gibby | Dec 5, 2021 | ETF Past Letters
The broader markets all retraced last week for various reasons, including the Fed’s announcement to start tapering more quickly. The daily volatile swings have been vicious. Friday’s job report didn’t change that. We have been saying for many months that we...
by Dan Gibby | Nov 28, 2021 | ETF Past Letters
The broader markets, oil and other commodities, and yields tumbled Friday on news of a new coronavirus strain, named Omicron. The Dow had its worse day in over one year. The variant is worrisome because it has more mutations than prior strains, which could...
