TSP Talk Blog

Well, the best laid plans ... I have been traveling all day and was not prepared to write a commentary, but as Murphy's Law would have it TommyIV, who was supposed to fill in for me, could not connect to the server Thursday night, so unfortunately there's no commentary today (Friday.)

...

After Apple's earnings took some of the steam out of the market on Wednesday morning, stocks started to comeback during the late morning and early afternoon, but the Fed's policy statement sent investors running again and we saw losses across the board by the close, particularly the tech sector, thanks to Apple. The Dow ended the day down 223-points.

...

Keeping investors on their toes, the stock market reversed Monday's losses with some big gains on Tuesday. The Dow gained 282-points and we saw returns of 1.4% to over 2% across the board, including oil. To make matters more confusing...

...

Stocks opened lower on Monday and the bulls could not put together any kind of late rally to follow up on the positive reversal last week. After hitting the highs of the day just after 1 PM ET and taking the Dow to nearly break-even, the bears took over and the Dow ended the day down 208-points. The small caps were clobbered after Friday's fleeting hope that they would lead during the relief rally.

...

Stocks rallied strongly on Friday following a nearly perfect capitulation day on Wednesday, and an indecisive "spinning top" day on Thursday. The Dow gained 210-points but percentage-wise the broader indices performed even better. The rally was fueled by a mid-week reversal in the price of oil which is up an amazing 20% in the last two days.

...