by Dan Gibby | Jul 7, 2019 | ETF Past Letters
The S&P 500 Index closed up over 1.6% in the holiday-shortened week on a trade war cease fire and expectations of rate cut. Last Friday’s robust jobs report caused the markets to gap down apparently because the positive news on hiring will give the Fed reason to...
by Greg Capra | Jun 30, 2019 | ETF Past Letters
The S&P 500 Index closed up over 17% to date, its best first-half performance since 1997. It gained 6.9% in June, its best June since 1955. All eyes are on Trump’s meeting with China representatives over the trade tariffs to see if there will be a truce or...
by Dan Gibby | Jun 23, 2019 | ETF Past Letters
The stock and bond markets live in different worlds. The SPY is at record levels. The bond market sees things as bad and getting worse. The Fed and other central banks are ready to ease to prevent an economic slump. The Fed said its “overarching” goal is to sustain...
by Greg Capra | Jun 16, 2019 | ETF Past Letters
Stocks held their ground, rising modestly for the week, on relief that the U.S. would not levy tariffs on Mexican imports. Tariff/trade disputes continue with China, however. Inflation ran at 1.8% in May. Gold rose, material stocks had a great week, and oil got a...
by Dan Gibby | Jun 9, 2019 | ETF Past Letters
The Dow Industrials broke its six-week losing streak, gaining 4.71%. The S&P gained 4.41% and the Nasdaq 3.88% despite Monday’s 1.61% hit on tech antitrust threats. Friday’s nonfarm payrolls was over 100,000 short of expectations, confirming signs of a slowdown...
by Dan Gibby | Jun 2, 2019 | ETF Past Letters
Rising trade tensions with China — and, now Mexico – sent stocks and bond yields around the world lower. The Dow Industrials have not had its longest losing streak in over seven years. “Sell in May and Go Away” held true this year. For the month,...
