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Stocks were mostly flat on Friday after an early rally faded to end the week. For the week, small caps lagged, but overall stocks performed well after a long awaited trade deal with China was announced. It was just "phase 1" of the deal but the market was clamoring for something after so much speculation. The I-fund did particularly well as the dollar has been falling all month, and bonds were up for the week as well.

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All green across the board for TSP funds this week. This was a well anticipated week with the last FOMC meeting of the year along with scheduled tariffs on China coming up with no deal locked in. The result was a dovish Fed and a buzzer beater conclusion to the phase one trade deal. The Fed kept rates steady and made no notions to return to raising rates anytime soon. News that China and the U.S. have officially agreed on the details of the phase one trade deal sent stocks into positive territory ...

Stocks rallied on a Trump trade Tweet early on Thursday, then later again on news of some sort of phase 1 deal being made. The Dow ended the day up 221-points or 0.79%, which was about the same for the other big two major indices, although they were not able to close at the morning highs of the day, which was a little surprising given the news. Bonds pulled back sharply Thursday after Wednesday's rally.

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Stocks rallied at the open on Wednesday, sunk into the afternoon, then bounced back after the FOMC meeting and the release of the Fed's policy statement. The Dow gained 30-points on the day with moderate gains in the S&P 500 and Nasdaq, as well as the Transports, and the I-fund. The S-fund lagged slightly closing just slightly north of flat.

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Stocks opened sharply lower on Tuesday but buyers stepped up right away to take the indices off their lows and into positive territory, before fading and closing slightly negative. The Dow lost 28-points after Monday's triple digit decline and that's just something we tend to see after a big jobs report driven rally.

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