by Dan Gibby | Jul 5, 2020 | ETF Past Letters
The broader markets rallied over 3% last week on positive vaccine developments, anticipation of more stimulus, and better jobs data. This was in spite of increasing coronavirus cases and many states rolling back openings. The true strength of the employment data will...
by Greg Capra | Jun 28, 2020 | ETF Past Letters, Hold for Review
The Dow dropped 3.3%, S&P 500 fell 2.9%, and the Nasdaq fell 1.9%. However, all rebounded robustly off the March lows, with the Nasdaq even setting a new record high last week. Much of this is attributable to the massive stimulation provided by the Federal Reserve...
by Dan Gibby | Jun 21, 2020 | ETF Past Letters
Major market averages are up the fourth time in the past five weeks, despite bearish fundamentals, rising unemployment, and increasing coronavirus cases. The Fed’s buying bonds (through ETFs and now corporate bonds as announced last Tuesday) and backstopping corporate...
by Dan Gibby | Jun 14, 2020 | ETF Past Letters
Had the week ended on Wednesday, then we could have started with the same old opening remark: “Another week, more gains in the broader markets, despite bearish fundamentals and many bearish events worldwide.” We had large bearish reversals last week the day after the...
by Dan Gibby | Jun 7, 2020 | ETF Past Letters
Another week, more gains in the broader markets, despite bearish fundamentals and many bearish events worldwide. The S&P has rallied 43% from its March low and the Nasdaq made a record high on Thursday! Friday was up huge on the upside jobs surprise. The only...
by Dan Gibby | May 31, 2020 | ETF Past Letters
This feels like Groundhog Day with our same opening comments about the markets. Last week was full of bad economic data and mixed earnings, but the Dow, S&P 500 and Nasdaq were all up for the week as states implemented different phases of re-opening their...
