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TSP Talk Blog

This and that about the market, the TSP, maybe some politics, and life.

  1. Monday's gains shrink, gaps filled


    After Monday's big rally, stocks tanked on Tuesday triggered by China's devaluation of the their currency, the yuan. The Dow lost 212-points and it has been down 7 of the last 8 trading days. Welcome to early August.

    China devalued their yuan by 2%, which is actually a major move compared to prior moves - 5 times bigger than any other devaluations in the last 10 years. Why does this matter? It sent commodities and commodity related stocks sinking. Wheat,
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