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After the new year started with a week of pullbacks, the stock market resumed its rally mode to start week two. The futures were not indicating anything better than a flat open, but as soon as that opening bell rang, the dip buyers jumped in with both feet. The Dow started the day deep in the red (down 200+ points) thanks to a steep decline in Boeing's stock, but it too caught the bullish bug, although it did lag quite a bit. Small caps also started slowly but the S-fund came back to gain near ...

Three months down, two months up, now January starts the New Year on the downside. We did see a little buying on Friday but the indices closed off their highs in a choppy day of trading following a decent, but mixed message jobs report. We'll discuss that below. The Dow gained 26-points on the day and the gains were very modest in most of the indices, but the bulls were just happy to see green after the rough start to the year. Bonds were down as yields moved up on the jobs report beat.
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Stocks began the new year with a slump. The enthusiasm that drove prices higher through November and December left investors in the first week of 2024. As a TSP investor, you must question if this change in character is a warning of more correction to come, or a buying opportunity before earnings season reignites that enthusiasm.

Twice at the end of this week, Thursday and Friday, TSP investors making IFT decisions were fooled by the market prices at the TSP trading deadline. ...

The Dow managed a small gain on Thursday but the broader markets gave up their early gains and closed near their lows of the day posting moderate losses. The 10-year Treasury Yield moved back up to 4% yesterday and that put some pressure on stocks. At this point, after three days of selling - four if you include the losses on New Year's Eve - capital gains selling should be wrapping up and the bulls may make an attempt in the coming days to resume the rally, if the bears allow it. The "as ...

After the bears hibernated for a couple of months, it's as if someone threw a switch to start the New Year. It was day two of the 2024 pullback as we saw moderate to sharp losses in most of the major indices yesterday. Mixed messages from the Fed had the Dow down 285-points while yields and the dollar were also mixed which muddied the waters a bit. However you slice it, the market was extended in the short term and this is not a surprise, but how long can it last?

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