by Dan Gibby | May 24, 2020 | ETF Past Letters
Last week was full of bad economic data and mixed earnings, but the Dow, S&P 500 and Nasdaq were all up over 3% for the week as states were exploring different phases of re-opening their economies. Despite crushing state and municipality deficits, more...
by Dan Gibby | May 17, 2020 | ETF Past Letters
Retail sales fell a seasonally adjusted 16.4%, the biggest drop since record-keeping began in the 1990s. The Industrial Production Index fell 11.1% in April, its largest monthly decline since record-keeping began in the 1919. This is not surprising with most of the...
by Dan Gibby | May 10, 2020 | ETF Past Letters
Last week was full of bad economic data and mixed earnings, but the Dow was still up 2.6% for the week, S&P 500 up 3.5%, and Nasdaq an amazing 6%! It is estimated that the horrendous unemployment rate of 14.7% is underestimated by about 5%. Nearly all the job...
by Dan Gibby | May 3, 2020 | ETF Past Letters
Last week we said, “Many – including me – question why the markets are not down more. Fundamentals are horrible, most companies are not giving earnings guidance, and bankruptcies and a recession are coming.”Over 30 million have filed for unemployment in the past five...
by Dan Gibby | Apr 25, 2020 | ETF Past Letters
Although the markets were down last week – gyrating with the apparent news surrounding Gilead Sciences’ success or failures in a new drug for the coronavirus, the S&P 500 is up 26.8% from the low and down less than 17% for the year. Many – including me – question...
by Greg Capra | Apr 19, 2020 | ETF Past Letters
The broader market ETFs DIA, SPY, and QQQ rallied last week between 2 – 6% on better news surrounding the coronavirus, the hopeful cure, and talk of economies starting to reopen. The Russell 2000 lagged, as those companies are more sensitive to economic growth rates....
