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The personal-consumption expenditures price index (PCE) results went public during the market's day off on Friday. The PCE landed right in line with expectations with a yearly climb of 2.5%. The market typically likes predictability, but this inflation data did little to change the projections for a rate cut in June. In fact, the chances of a rate-cut in June are down from a week earlier.

The market celebrated the Fed’s message in the Federal Open Market Committee’s ...

The stock market loves to fool investors (or market timers) as much as possible, so just as we all got used to strong openings followed by late sell offs, the market threw us a curve on Wednesday and gave us a strong open and a stronger close. The Dow gained an impressive 478-points, and while it was a fairly broad rally, it took that late push higher to move the Nasdaq into positive territory. Small caps led and all three TSP stock funds closed at a new high for the year. Bonds rallied as yields ...

Stocks were down yesterday making it three days in a row of losses, and four days in a row where the indices closed near the lows of the day after late sell offs. Trading volume isn't very high so it may not be institutional selling, but clearly the sellers have been dominating the final hour of trading this week. Both yields and the dollar reversed their earlier moves adding to days flip flopping action.

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Stocks resumed Friday's pullback with another weak day of trading in the stock market. The Dow lost 162-points on the day and the losses were broad and impacted most of the major indices, although small caps held up well and closed with a small gain despite giving up some bigger early gains. Bonds were down as yields moved higher.

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It was the best week for stocks since December but it ended with some profit taking as the Dow lost 305-points on Friday, and the losses were broad across most indices although the Magnificent 7 stocks did well keeping the Nasdaq positive. Small caps lagged losing nearly 1% on the day, and the F-fund led the TSP Funds as yields declined on Friday pushing bond prices higher.

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