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Daily Market Commentary

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  1. Follow through

    Friday's positive reversal day followed-through on Monday and the Dow gained 113-points, and the S&P made a new intraday 2016 high, closing at its highest level of the year. This is coming on the heals of a weak jobs report on Friday that initially had investors running for cover.

  2. Jobs report disappointing, but does that hold back the Fed?

    Stocks dropped sharply after the announcement of the Jobs report on Friday, which showed that 38,000 jobs were added in May. That was over 100,000 fewer than expected, while the unemployment rate fell to 4.7%. The Dow opened lower and was down nearly 150-points in the first hour of trading, but like the prior days last week, dip buyers showed up and we saw the indices close well off their lows, although still in negative territory as the Dow gave up 31.50. All three TSP stock funds ended with ...
  3. Stocks move higher into jobs report

    Update: May Jobs report, +38,000 jobs and unemployment rate of 4.7%.

    Stocks opened lower again on Thursday, but like Wednesday, buyers were quick to step in and the indices slowly rose all day and closed at their highs of the day. The gains weren't huge, the Dow ended with a gain of 49-points, but from the morning low to the close it gained 135-points.

  4. Dip buyers show up after weak open

    Stocks opened sharply lower on Wednesday morning but it didn't take long for the buyers to step in and buy the dip to follow through on Tuesday's late dip buyers. The Dow turned a 120+ point early decline into a 2-point gain by the close, with small caps outperforming
  5. Mixed day

    Stocks were mixed on Tuesday with the Dow down 86-points, although it had been down about 150-points at the lows. By contrast the S&P 500 lost just 2-points on the day and small caps, the Nasdaq, and the Transports all closed in positive territory. Once again the dollar held back the I-fund.

S&P 500 (C Fund)
DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)
EFA (I Fund)
iShares MSCI EAFE Index (EFA)
AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)