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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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The Federal Open Market Committee (FOMC) did not cut rates this week, but the stock market reacted as though they did. Stocks rallied off the FOMC policy statement, their summary of economic projections, and Fed Chairman Jerome Powell’s subsequent press conference.
Their main message was that they are data dependent and prepared to keep rates higher for longer but still see three cuts by the end of 2024 as a possibility. The market seemed to only focus on that last part. ...

Stocks were flat for most of the morning on Wednesday and up until the Fed's policy statement when the bulls got the Goldilocks policy statement and commentary that they were craving. The Dow jumped 401-points and it was a broad rally that included large and small cap stocks. Yields were down helping the F-fund to a gain.

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Stocks rallied in front of today's FOMC meeting so investors showed some bravery despite some recent concerns of a peak. The Dow led the indices jumping 320-points and it was kind of a relief that the rally wasn't necessary tech driven as the biggest gainers in the Dow were Home Deport, Goldman Sachs, and McDonald's. Small caps hung in there with the S&P 500 as both posted positive outside reversal days, and it was actually the tech heavy Nasdaq that lagged a bit, despite a positive reversal ...

Stocks were choppy on Monday but the large caps held onto solid gains despite closing well off their highs. AI news pushed big tech higher, which led and took the Nasdaq and S&P 500 with it. Investors alternate between buying large and small cap stocks, as the small caps lagged yesterday with yields continuing to rally. Higher yields also hurt the F-fund, and the I-fund was flat as the dollar moved higher.

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