by Dan Gibby | Mar 19, 2023 | Past Weekly Options Letters
During the financial meltdown in various regional banks, large technology stocks – and semiconductor stocks in particular, and cryptocurrencies surged, while bank ETFs (XLF, KRE) and insurance stocks (KIE) tanked. The Nasdaq Composite gained 4.4%, in its best week...
by Dan Gibby | Mar 12, 2023 | Past Weekly Options Letters
The broader market index ETFs closed a bearish week near the lows with many news events fueling the selloff. It started Tuesday with Fed Chairman Powell’s congressional testimony on the economy and monetary policy, Friday’s release of February’s solid jobs numbers,...
by Dan Gibby | Mar 5, 2023 | Past Weekly Options Letters
Last week Fed Governor Waller said that higher rates might be needed to continue to fight inflation which sent the 10-year Treasury note over 4%. Nevertheless, the broader market index ETFs rallied between 1 – 2 % for the week which started Thursday afternoon...
by Dan Gibby | Feb 26, 2023 | Past Weekly Options Letters
On the heels of higher-than-expected inflation numbers (PCE on Friday), the broader market index ETFs were down about 3% for the week, their worst of the year. There were many Fed speakers last week who reiterated the need to continue to fight inflation through higher...
by Dan Gibby | Feb 19, 2023 | Past Weekly Options Letters
Despite rising yields over the past few weeks and a higher-than-expected CPI and PPI (inflation numbers), the markets held up better than expected. Although they continued to correct on the daily timeframe, there was no significant damage to the existing uptrends on...
by Dan Gibby | Feb 12, 2023 | Past Weekly Options Letters
The anticipated correction began last week, but there was no significant damage to the existing uptrends on the daily timeframe. Most existing patterns have created uncertainty about the strength seen over the last month. Also, money rotated in a small way into the...
