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Stocks opened higher on Thursday but quickly lost ground and many indices were little changed by the close. The Dow lost 18-points, bonds were up modestly, and the I-fund lost about a half of a percent.
TSP Talk Sentiment Survey results for the week of 01/13/14- 1/17/14
The TSP Talk Sentiment Survey came in at 55% bulls, 33% bears.
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Stocks were mixed yesterday with the Dow losing 68-points, the S&P 500 basically flat, and the Nasdaq and small caps saw modest gains. The I-fund rallied despite more strength in the dollar, and bonds had a bad day.
Stocks rallied on Tuesday as the Dow gained 106-points on the day. Was it a turnaround Tuesday giving the market yet another "V" bottom after a shallow pullback? It worked in 2013 and the trend followers will certainly be all over this. The I-fund lagged and bonds continue to bounce.
Stocks struggled again on Monday as the Dow shed 45-points while the S&P 500 and Nasdaq have yet to have a positive close in 2014. Small caps lagged and investors turned to bonds.