TSP Talk Blog

Stocks wobbled out of the gate on Wednesday after a much weaker than expected GDP report. Expectations were for +1.0% growth in the first quarter and it came out as +0.2%. The selling subsided in early afternoon trading as the Fed took the stage, but their take was that rate hikes are still on the table this year despite the weakening economy. Investors spent the rest of the afternoon trying to digest that info and the Dow closed down 75-points, which was actually about 100-points off ...

Stocks bounced back on Tuesday after a one-day pullback that took it below a key support line. After the initial morning sell-off yesterday, stocks came right back but spent the rest of the day in a tight range as we wait for the FOMC meeting to conclude this afternoon. The Dow gained 72-points and we saw positive reversal days across the board.

...

Stocks opened higher on Monday morning, but could not hold onto those gains as the indices drifted lower throughout the day. The losses weren't extreme as the the Dow lost 42-points, but it was pretty broad selling with all of the major indices losing ground.

There is an FOMC Meeting on Wednesday and investors are always nervous before any talks about interest rates, but if you haven't noticed, Janet Yellen has been very accommodating to the market since ...

Friday was a bit of a mixed bag but the large cap indices continued their positive ways with modest gains - particularly the Nasdaq, and the international stocks had a big day with the dollar breaking down. But the small caps lagged giving back some of the recent gains. The Dow gained 21-points.

...

For the first time since 1999 both the S&P 500 and the Nasdaq closed at new all-time highs. It wasn't a huge day, and the indices closed off their highs, but it's been 16 years since we saw that happen. The Dow gained 20-points, well off the 95-point gain it had less than an hour before the close. Investors still seem to be worried about "buying at the top."

The Nasdaq closed off the highs as well but after hours earnings boosted the futures to ...