by Dan Gibby | Sep 27, 2020 | ETF Past Letters
The markets were overall down again last week, as expected. Although the rush back into “stay-at-home” stocks, the tech-heavy Nasdaq closed positive for the week. SPY, DIA, and IWM were down for a fourth week, with energy and financials leading the way down. Credit...
by Dan Gibby | Sep 20, 2020 | ETF Past Letters
The markets were overall down again last week, as expected. We had an impressive unsustainable rally, with our sentiment market internal in “nosebleed territory.” The charts of many stocks are still damaged, requiring a more short-term focus. With the strength of the...
by Dan Gibby | Sep 13, 2020 | ETF Past Letters
After the selloff on September 3-4th — which wiped out $1.7 trillion in paper wealth – the Index ETFs consolidated in the lower 40% of the 2-day range. This is bearish and there are many damaged looking charts and sectors. However, our market internals are...
by Dan Gibby | Sep 7, 2020 | ETF Past Letters
After the melt-up in the markets – and bearish Sentiment from too many bulls buying call options on the street – last Thursday and Friday’s selloff wiped out $1.7 trillion in paper wealth. The Nasdaq fell the most as expected, as it was the most overbought (it was 30%...
by Dan Gibby | Aug 30, 2020 | ETF Past Letters
The Fed revised its policy on interest rates saying that it would seek to mitigate “shortfalls” from maximum employment rather than mitigate “deviations” from that level. This means that interest rates will remain low for years. In fact, the Fed Funds Futures market...
by Dan Gibby | Aug 23, 2020 | ETF Past Letters
Same story, another week. The disconnect between the stock market’s strength and the real economy is difficult to understand. But as we say, “It is what it is.” The Nasdaq and S&P 500 made all-time highs and look higher. The S&P is up an amazing 52% from...
