TSP Talk Blog

Stocks had another strong day on Tuesday and the Dow ended the day up 127-points. It had been up closer to 200-points in early trading so there was a bit of a late fade, but the 0.50% gain led the major indices. The broader S&P 500 and Nasdaq indices gained about 0.3% each, with small caps doing slightly better, while the I-fund led after a dip in the dollar.

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Stocks opened flat to lower on Monday morning but the theme of early weakness and afternoon strength continued. By the close the Dow had gained 40-points but we saw larger percentage gains in the S&P 500, Nasdaq, and small caps, while the I-fund lagged again. The drift higher in U.S. stocks continues and rather than seeing a lot of buying, the very light trading volume makes it feel more like there is just a boycott on selling.

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