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Despite the escalating violence in Iraq, stocks were able to close higher on Friday, going into a weekend of uncertainty. The Dow gained 42-points on Friday while bonds were down slightly.

We are seeing the overnight futures down as I write this Sunday evening, which isn't a surprise, ...

Stocks were modestly lower last week as the indices digested the gains of a powerful 3-week rally. Rising tensions in the Middle East saw oil prices rise and investors may have been content to take some profits. There's not a whole lot of good news out there right now so we'll have to see whether that precipitates more of a pullback, or if stocks want to continue to climb the proverbial wall of worry.



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TSP Talk Sentiment Survey results for the week of 06/16/14- 06/20/14

The TSP Talk Sentiment Survey came in at 46% bulls, 39% bears.

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Stocks fell on Thursday and the Dow had another triple digit loss. As opposed to Wednesday's action, this time we saw the losses in the broader indices also take the hit. The I-fund led helped by a drop in the dollar, and bonds rallied on the weakness in stocks.

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Stocks opened lower and closed lower yesterday, but made some midday attempts to push higher. The Dow lost 102-points on the day, which may get most of the attention, but the S&P 500 and small caps saw relatively small losses, while the Nasdaq 100 was flat and actually made a new intraday 52-week high.

I am still out of town without my usual setup but should be back in the office on Thursday night - maybe early Friday. ...