TSP Talk Weekly Wrap Ups

There was mixed action this week among the stock indices. Small caps (S-fund) added .7% while large cap stock indices were down nearly 1%. Public offerings shook up the status quo this week so rotation separated the strength but kept the money within stocks. There was also concern about the stimulus package out of Washington. It seems the two parties can't completely agree on where the money should go which keeps the money out of everyone's hands at the moment. There was also a slight increase in ...

The new month brings new highs in stocks. All of the major stock indices (S&P 500, DOW, NASDAQ, RUSSELL 2000) reach new record highs Friday. What made that particularly peculiar was that the day started with a jobs report that was quite short of expectations. 245,000 jobs were added last month while economists surveys expected an addition of 440,000 jobs. Another record broken Friday was the number of reported new cases of the corona virus along with the number of reported deaths from the virus ...

The bulls held onto this week's Monday rally to close at record highs by the end of the short holiday week. Stocks opened up higher Monday after more positive vaccine news and the Joe Biden choice of Janet Yellen for the Treasury Secretary. Market participants are familiar with Yellen from her time as the Chair of the Federal Reserve where she was known for her dovish outlook and actions. Stocks continued to be bought into Tuesday and held pre-Thanksgiving. Volume was light for the last trading ...

Short term concerns overshadowed long term optimism to push large cap indices down after two weeks of gains. However small cap names became targets for moving money giving the S-fund more than 3% in gains. Large caps started the week with gains after another successful vaccine trial gave investors a light at the end of the tunnel. But it was the continuing record high new infections, landmark death counts, logistic concerns to how a vaccine would get transported that led large cap investors to take ...

Stocks manage to close at record highs after a turbulent week. The week started with a gap up to new highs after Pfizer reported a Covid-19 vaccine trials that were 90% effective. The euphoria did not last the whole trading day and the market gave back a good chunk of the gains back out of record high territory. The action that followed over the next few days came from a rotation out of the big tech stay at home names and into more economy sensitive sectors that have lagged since March. This week's ...