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This and that about the market, the TSP, maybe some politics, and life.
Stocks opened sharply higher yesterday, but quickly sold off the rest of the morning. The indices found support just before noon where buyers slowly took them back toward the break even level by the close. The Dow lost 21-points.
For the TSP, the C-fund lost 0.04% yesterday, the S-fund dipped 0.02%, the I-fund was up 0.40%, and the F-fund (bonds)
Stocks gapped open lower yesterday but buyers are still lurking and buying the dips sending the indices higher and closing near their highs. The Dow, which was down 130-points during the first hour of trading, rallied to close down just 7-points.
For the TSP, the C-fund lost 0.25% yesterday, the S-fund fell 0.60%, the I-fund was down 0.98%, and the
The Dow lost 74-points on Friday after a weaker than expected GDP report, but the broader indices saw just minor losses. We have a big week on tap for the market so we may need to fasten our seatbelts.
For the TSP, the C-fund fell 0.15% yesterday, the S-fund gained 0.68%, the I-fund was down 0.67%, and the F-fund (bonds) was up 0.11%.
Hate to see January go
Despite the S&P 500 being down 3 of the 5 days last week, the major indices all managed to close in positive territory for the week, with a strong showing from the small cap and international funds. The market was bolstered by the Fed’s reassurance of low interest rates through at least 2014, and left the possibility of a QE3 on the table.
For the TSP, the C-fund was
Stocks open higher yesterday but for the first time in a while, we saw the indices weaken as the day wore on. Profit taking seems reasonable after the relentless rally. The Dow lost 22-points on the day.
For the TSP, the C-fund fell 0.57% yesterday, the S-fund lost 0.44%, the I-fund was up 0.70%, and the F-fund (bonds) was up 0.34%.