by Dan Gibby | Oct 27, 2019 | ETF Past Letters
With a slew of earnings releases, slowing global economy, ongoing U.S.-China trade war, impeachment proceedings, etc., the markets are holding very well, with the QQQ and XLK making all-time highs, and the SPY and DIA not being behind. The week pretty much seesawed,...
by Dan Gibby | Oct 20, 2019 | ETF Past Letters
The markets are holding relatively well considering all of the bearish global news. The SPY and QQQ had marginal weekly gains, with the DIA marginal loss on the weakness of BA and JNJ on Friday. The federal-funds futures have raised the odds of another FOMC rate cut...
by Dan Gibby | Oct 13, 2019 | ETF Past Letters
The markets closed green for the week after bouncing aggressively from Wednesday’s low, which we expected because of the oversold market internals, breaking their three-week losing streak. Stocks surged Friday in anticipation of what Trump described as a “very...
by Greg Capra | Oct 6, 2019 | ETF Past Letters
Last Tuesday’s weak ISM manufacturing data (suggesting a recession) caused the worse two-day start to a quarter since the fourth quarter of 2008. The markets bounced aggressively after the subsequent negative ISM report, shrugging off the ongoing impeachment news,...
by Dan Gibby | Sep 29, 2019 | ETF Past Letters
The markets dropped for the second week on impeachment threats, more China news, weak oil sectors, falling yields, and whatever other dribs and drabs of bad news recently. The Dow fell 0.4%, the S&P 500 1%, and the Nasdaq the most at 2.2% as most FAANG stocks sold...
by Dan Gibby | Sep 22, 2019 | ETF Past Letters
Oil had a huge bullish gap last week on the Saudi oil field bombing news, and was volatile the entire week. And there was a lot of intra-day volatility on Wednesday during the FOMC interest rate announcement, and subsequent interview with Fed Chief Powell. Trump...
