by Dan Gibby | Jan 20, 2020 | ETF Past Letters
The Dow closed above 29,000 to all-time highs for the first time and looks headed to 30,000 and more. The strength in the broader markets has been amazing, with people searching for reasons for the “melt up.” The markets are still in uptrends on the daily, weekly, and...
by Dan Gibby | Jan 12, 2020 | ETF Past Letters
It seems that not even impeachment, China trade wars, or the threat of war with Iran can stop this market. The Dow briefly crossed 29,000 for the first time with the help of Goliaths AAPL, MSFT, GOOGL, AMZN and FB, all near record highs. The cover of a Barron’s, in...
by Dan Gibby | Jan 5, 2020 | ETF Past Letters
Last year the markets rose $9.2 trillion, the best year in dollar terms since 2013. With the S&P 500 trading at 18.2 times forward earnings, the markets seem priced for perfection, with little cushion for something to go wrong. Last Thursday, with the S&P 500,...
by Dan Gibby | Dec 29, 2019 | ETF Past Letters
Santa delivered this year! This year, the S&P 500 climbed 31%, the Dow 23%, and the Nasdaq 36%. But what will 2020 bring? Most believe the markets are in store for single-digit returns this year. The Market’s history has been generally positive in election...
by Dan Gibby | Dec 22, 2019 | ETF Past Letters
What a different year-end from last year! Last year in December, the markets were approaching bear market territory with a recession expected as the Fed was threatening higher rates. For the first time since the Civil War, a decade passed without the U.S. economy...
by Dan Gibby | Dec 15, 2019 | ETF Past Letters
Big news last week: the FOMC left rates unchanged; China Phase 1 trade deal inked; Congress kept the government open; clarity in BREXIT happening by Jan 31; and Trump impeachment looms. The markets digested this news, with the S&P 500 and the Nasdaq 100 making...
