by Dan Gibby | Jan 31, 2021 | ETF Past Letters
The markets suffered their worse week since last October. But the most important and talked about topic around Wall Street was the incredible number of short squeezes orchestrated by Reddit and WallStreetBets, one of the forum’s chat sites. And now the story has...
by Dan Gibby | Jan 24, 2021 | ETF Past Letters
The markets closed at new highs on Biden’s Inauguration Day – and thankfully without the rampant civil unrest that many predicted. Most markets did have a bearish gap on Friday suggesting a possible short-term top; however, IWM closed at new highs. February...
by Dan Gibby | Jan 17, 2021 | ETF Past Letters
Most markets corrected last week although most are still in uptrends. We were hoping for that with the nosebleed bullish sentiment (a bearish signal). With global coronavirus virus deaths topping 2 million the upcoming January 20th inauguration and second Trump...
by Dan Gibby | Jan 10, 2021 | ETF Past Letters
Our four Index ETFs – SPY, DIA, QQQ, and IWM — all closed in new record territory, despite 2020 booking the worse job losses since 1939 and record coronavirus cases! In 2020, the economy lost 9.37 million jobs, exceeding the 5.05 lost in 2009 after the financial...
by Dan Gibby | Jan 3, 2021 | ETF Past Letters
The markets closed in record territory on a shortened holiday week and lower trading volume. The NASDAQ ended the year up 44%, its best year since 2009. 500 companies went public in 2020 through IPOs and SPACs, the highest since 1999. Direct listings, which were...
by Dan Gibby | Dec 27, 2020 | ETF Past Letters
The markets (DIA, SPY, QQQ) really went nowhere on a shortened holiday week and very low trading volume. The bulls remain bullish, apparently in reliance on the Fed’s low-interest rates and pumping $120 billion a month into the financial system until the economy...
