All Blog Entries

A little more backing and filling in the indices yesterday in front of today's important PCE Prices and Personal Income / Spending reports. The Dow was down 23-points but actually closed at the highs of the day, while the S&P 500 and Nasdaq were choppy and posted modest to moderate losses. The S and I-funds were down as well and lagged the large caps returns as they were trying to fill in some recently opened gaps. Bonds were up as yields slipped lower, and the dollar was up.
...

It was a quiet day of trading yesterday with stocks mixed although mostly higher. The Dow was down but that was due to the heaviest weighted stock being down 3% on the day, but otherwise the relentless rally in the S&P and Nasdaq continued as investors squeamishly watch the indices test the recent highs. Small caps led on the upside again with both the S and I-funds closing at new highs for the year. Bonds were down and continue to struggle.

...

It was a mixed day for stocks to start the week and after a positive open, all of the indices drifted off their morning highs and after some late selling, closed at the lows of the day. We did get a second day where the S&P 500 took a breather while small caps outperformed, but in recent weeks the small caps haven't been able to sustain that divergence for much longer than a day or two. Bonds were down as yields moved higher. Also, make sure you check your IFT confirmations! More below. ...

After another strong open on Friday, stocks held onto some modest gains but we did see most of the indices drift lower and close near their lows of the day. For the week, the TSP stock funds did well, although the S-fund did have a small weekly loss. The I-fund came to life and led on the upside with the dollar down for the week. Bonds were up big on Friday pushing the F-fund into positive territory for the week as well.

...

This week taught us the market is clinging to the promise of the AI industry. Indices are reaching new highs thanks to a single company's earnings and forecasts. This week C-fund investors were not holding the S&P 500 but were bound to the market's reaction of its favorite report card: Nvidia.

Nvidia and the success of other AI related stocks have kept investor interested in buying the large cap funds like the C-fund for months. The less deserving companies inadvertently get ...