Daily Market Commentary

Another quiet choppy day to start the week as we head into today's first wave of big tech earnings after the bell. The Dow gained 66-points, the S&P was up slightly, the Nasdaq and small caps were down, and the EFA / I-fund was up as the dollar seems to be on the move lower again. Bonds and the F-fund were up as yields slipped lower.

...

It was another mixed week for the TSP funds after a comeback move by the bulls to end the week on Friday. For the week the S&P 500 was down slightly while the smalls caps of the S-fund and the International I-fund both closed slightly higher. The F-fund (bonds) were down on Friday and also slipped 0.15% for the week. The I-fund continues to lead for the year with an impressive 11.7% gain. Now we head into one of the most key earnings weeks of the quarter with many of the big tech stocks ...

We saw a little volatility on Thursday but the bulls were still around late waiting for an opportunity. We did get a sea of mostly red in the indices yesterday, and the S&P 500 turned negative for the week, but even on a day where the bears took control, the dip buyers were buying late into the close. Bond yields slipped lower (bonds and the F-fund up) on slightly higher jobless claims and existing home sales coming in light.

...

Stocks battled back from a weak open once again on Wednesday and, if you like watching paint dry, this is the market for you. There's an old adage that you shouldn't short (bet against) a dull market so the bulls seem to be in control. The Dow lost 80-points on the day while the other indices were mostly flat. Bond yields rallied pushing the F-fund down again, and the dollar was up putting pressure on the I-fund.

...

Stocks were mostly flat on Tuesday with the Dow shedding 11-points. The S&P 500 was up slightly and the S-fund lagged as the regional banks took down the small cap indices again. Bonds were up slightly although yields were mixed. The battle between inflation and a potentially weakening economy is what the market and the Fed are facing two weeks before the next FOMC meeting and interest rate hike is scheduled.

...