by Dan Gibby | Mar 14, 2021 | ETF Past Letters
The SPY, DIA, and IWM all closed at record highs the $1.9 trillion stimulus package being approved and positive vaccine news. The Nasdaq has been underperforming with the rise in 10-year yields but still broke a three-week losing streak, up 3.1%. The FOMC meets this...
by Dan Gibby | Mar 7, 2021 | ETF Past Letters
The broader markets were all down last week as the bond yields spiked to their highest level in a year. Despite Powell confirming the Fed’s low-interest-rate policy, the markets had a “taper tantrum” since he failed to repeat the central bank’s often repeated policy...
by Dan Gibby | Feb 28, 2021 | ETF Past Letters
The broader markets were all down last week as the bond yields spiked to their highest level in a year. The Nasdaq was the worse, falling 4.9%, as higher yields make stocks look more expensive. That spooked the equity markets and raised inflation fears, despite...
by Dan Gibby | Feb 21, 2021 | ETF Past Letters
All index ETFs closed the week bullish or with minor retracements. Bitcoin closed at record highs, with the high bullish sentiment (although check out the climactic monthly chart, buyer beware). The markets continue to love the generous fiscal and monetary stimulus,...
by Dan Gibby | Feb 14, 2021 | ETF Past Letters
All three stock indexes (and Bitcoin) closed at record highs. The bulls are partying like it’s 1999 with no signs of stopping. Global equity funds saw a record inflow of $58 billion last week, another sign of excessive bullishness. The markets continue to love the...
by Greg Capra | Feb 7, 2021 | ETF Past Letters
The prior week we said, “The markets suffered their worse its worse week since last October.” Now they are back to new highs – wow – with the Russell 2000 advancing 7.7%! And this is all in the face of Friday’s disappointing payroll report. The markets continue to...
