by Dan Gibby | Jun 6, 2021 | ETF Past Letters
Wall Street viewed as good news the Friday, May employment report as evidence that the Fed will keep “the pedal to the metal” of accommodation and keep the bond-buying program going (minimizing the threat of a taper tantrum). Interest rates (TBT) plunged and the...
by Dan Gibby | May 30, 2021 | ETF Past Letters
The broader markets finished the month positive, although the tech-heavy QQQ didn’t. Heavy inflows into equity funds continue. Volatility remains low (no fear), even as many think the markets are “priced for perfection” with all the good news baked in. Although...
by Dan Gibby | May 23, 2021 | ETF Past Letters
The broader markets finished the week relatively unchanged, but the swings were sure wild. Tech stocks (QQQ) rebounded robustly. The inflation jitters continue. Consumer prices continue to rise with average consumers like me having sticker shock on most everyday...
by Dan Gibby | May 16, 2021 | ETF Past Letters
Consumer prices rose 4.2% last month from their level a year prior. Some expect prices to rise 4.6% in the coming year, up from an expectation of 3.4% a month earlier. And the Fed continues to stick to its story that inflation is “transitory” to keep the political...
by Dan Gibby | May 9, 2021 | ETF Past Letters
The employment figures last Friday were the biggest miss on record. But that was great news to investors as the message supported the idea that the Fed will keep its accommodative monetary policy for a long time – despite obvious widespread rising inflation and...
by Dan Gibby | May 2, 2021 | ETF Past Letters
For the second week, the markets were “running in place” based on the weekly close, but with some wild swings. With the SPY up about 9%, the stock market had its best first 100 days of a presidential administration since FDR took office in 1933 during the Great...
