by Greg Capra | Aug 18, 2019 | ETF Past Letters
Morgan Stanley believes that insufficient dovishness in the midst of a global slowdown and trade tensions is keeping the USD too strong. As a result, more bonds are being bid into negative territory as rising global savings meets slowing investment and consumption. It...
by Dan Gibby | Aug 11, 2019 | ETF Past Letters
The major indices and currencies went on a wild ride last week with the renewed U.S.-China trade war but closed down less than 1%. Beijing’s currency depreciation escalated market turmoil. Gold, volatility (VXX), and U.S. Treasuries rallied, typical during...
by Dan Gibby | Aug 4, 2019 | ETF Past Letters
The S&P 500 Index fell 3.1% and Nasdaq fell 3.9% after Trump announced an additional 10% levy on an additional $300 billion of Chinese goods Sep. 1st. The broader markets had a paper loss of about $1.1 trillion. The Fed delivered the expected rate cut, but the...
by Greg Capra | Jul 28, 2019 | ETF Past Letters
The S&P 500 Index and QQQ closed to all-time highs on renewed confidence of a fed interest rate cut this week. The S&P 500 ETF SPY rose 1.7% on the week, and the Nasdaq 100 ETF QQQ was up 2.3%. In Barron’s article, Scott Minerd mentioned that the Fed’s...
by Greg Capra | Jul 21, 2019 | ETF Past Letters
The markets sold off into the close Friday after Iran seized a U.K. oil freighter. They negated Thursday’s reversal on the daily chart, suggesting lower prices. Trump warned that China talks could take a long time. The debt ceiling debate continues. All eyes are on...
by Dan Gibby | Jul 14, 2019 | ETF Past Letters
The S&P 500 Index, DIA, and QQQ closed to all-time highs on renewed confidence of a fed interest rate cut later this month. Powell said lower rates would help offset the uncertainties resulting from slower global growth. This caused bonds (TLT) to fall and...
