TSP Talk Blog

Stocks pulled back on Thursday, and after a negative open, we saw no push back from the bulls for the first time in a while. The bright side is, a 113-point decline in the Dow after a gap open 300+ gain the prior day is not really sending any red flags. Of course every market top starts with a pullback from a high, but the bulls rarely go away that easily.

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There were some nerves going into President Trump's Tuesday night address to congress, but as has been the case for the last 4 months, investors applauded when it was over. After breaking its 12-day winning streak on Tuesday with a small loss, the Dow rallied 303-points on Wednesday.

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Well, it finally came to an end. A 12-day winning streak in the Dow ended yesterday with a small 25-point decline. It was quite a run and matched the highest streak of the last 120-years. The S&P 500 saw modest losses while the Nasdaq, and particularly the small caps, saw a more significant declines percentage-wise.

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