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This and that about the market, the TSP, maybe some politics, and life.
New years tend get off to a wild start and 2017 was no exception. We saw it all... A big gap up with a continued surge in the indices in very early trading. The Dow was up about 175-points within 30 minutes or so. By noon ET almost all of those gains were gone. It wasn't looking good but the selling dried up by the last 90-minutes of trading and we saw the indices rebound to close somewhere in between but close with solid gains.
Stocks rallied again on Wednesday getting 2017 off to a very good start. The Dow gained 60-points while the S&P 500 performed slightly better, the Nasdaq outdid them, and small caps piled on even more. The I-fund's negative price on Tuesday meant Wednesday's price was likely going to be very good and as you can see, the I-funders were not disappointed. That's fair value adjustments for you.