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Daily Market Commentary

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  1. No real direction


    Stocks rallied sharply on Friday as the latest out of Europe was positive, but we know that could change at any time. The Dow gained 187-points on the day, not quite getting back all of the 199 it lost on Thursday.

    For the TSP, the C-fund rallied 1.62% on Friday, the S-fund jumped 2.52%, the I-fund gained 2.10%, and the F-fund ...
  2. Be careful what you ask for


    Stocks pulled back yesterday on disappointment out of Europe. We talked yesterday about optimism being a little too high for the European meetings, but this pullback may be producing a good opportunity.

    A late report of the ECB backing off from doing any aggressive bond purchasing sent stocks down sharply in the last 30 minutes or so of trading, and the Dow ended the day down 199-points.

  3. High expectations


    The market is reacting to every headline and rumor coming out of Europe as we saw several swings during the day yesterday. A late bailout rumor shot the Dow up to a 100-plus point gain late in the afternoon, only to see that gain more than cut in half after it went unconfirmed. By the close, the Dow held onto a 46-point gain.

    For the TSP, the C-fund gained gained
  4. EU Summit looms


    Stocks were mixed yesterday as we saw a 52-point gain in the Dow and a 1-point gain in the S&P 500, while the Nasdaq, small caps, and the Dow Transportation Index all finished in negative territory.

    For the TSP, the C-fund gained added 0.11% yesterday, the S-fund lost 0.23%, the I-fund was down 0.58%, and the F-fund (bonds) fell
  5. We are due for some consolidation


    Stocks rallied strongly on Monday morning, but credit rating downgrade warnings to France and Germany saw the indices finish well off of their highs. Still, the Dow managed a 78-point gain by the close.

    For the TSP, it was green across the board as the C-fund gained 1.03% yesterday, the S-fund was up 1.36%, the I-fund added 0.97%, and the F-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)