TSP Talk Blog

It was a relatively quiet day on Thursday as investors stepped aside after the big post-FOMC policy statement rally on Wednesday afternoon. The weaker than expected 1.5% Q3 GDP number that came out before the opening bell gave them reason to pause, although the the Dow and S&P did close well off the morning lows.

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Stocks were up nicely prior to the FOMC policy statement yesterday but quickly plummeted after the announcement. From there, the bulls jumped right back in and the Dow, which briefly turned negative, skyrocketed into the close with a 198-point gain.

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Stocks were mostly down yesterday, but depending on the index you were watching, the losses were not shared equally. The large caps were down modestly, the Nasdaq 100 (QQQ) was up, but small caps of the Russell 2000 lost 1.2% and the Dow Transportation Index plummeted 2.6%. Overall there were about 3 stocks down on the day, for every one that was up.

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Stocks were down slightly on Monday on light volume. We saw a big rally to end the week last week, so it's not a surprise to see some profit taking. The question of course is, how far will investors take any pullback, if there is a measurable one at all?

There is an FOMC meeting on Wednesday and while most believe there will be no change made to interest rates, there could be clues to whether or not they will push them off until 2016, or if they will consider a December hike. ...

It was another big day for stocks on Friday as investors reacted positively to some very strong earnings reports from a few very big companies. The Dow gained 158-points.

On top of that, talks of a new round of stimulus in Europe also had investors putting money to work as fighting the Fed and overseas Central Banks has not been a good recipe for the bears. So whether you believe the economy is ...