TSP Talk Blog

Momentum from Tuesday's rally rolled in to the open on Wednesday but the day's highs were made within the first 20 minutes of trading. Stocks finished with decent gains, the Dow gained 84-points, but closed off the highs as the indices continue to get stretched and are possibly set up for some profit taking in April.

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It was the Janet Yellen show on Wall Street yesterday as stocks opened moderately lower, but as soon as Ms. Yellen stepped behind the microphone, stocks blasted off and never looked back. The gains were not huge, less than 1% (although small caps and the I-fund had big days), but the reversal was impressive. The Dow gained 98-points while the S&P 500 added 0.88%. Bonds were also up as the AGG broke out to new highs.

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Stocks were relatively flat on Monday although there were some intraday modest gyrations after the shooting at the U.S. the Capitol Visitor Center. The Dow ended the day up 20-points, the S&P 500 was up 1, and the Nasdaq was down 6. Volume was quite light - the lightest of the year for the S&P 500. Janet Yellen speaks this week and we get the March jobs report on Friday so it could be quiet week mixed with occasional fireworks.

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Stocks were relatively flat on Monday although there were some intraday modest gyrations after the shooting at the U.S. the Capitol Visitor Center. The Dow ended the day up 20-points, the S&P 500 was up 1, and the Nasdaq was down 6. Volume was quite light - the lightest of the year for the S&P 500. Janet Yellen speaks this week and we get the March jobs report on Friday so it could be quiet week mixed with occasional fireworks.

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Stocks were flat on the Thursday before the long market holiday weekend but closed well off the lows potentially creating a positive reversal day, but pre-holiday trading can be very unpredictable so I won't call it a reversal officially. The Dow gained 13-points while the S&P 500 closed just slightly in the red.

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