Stocks were mixed this week with modest gains in small caps while large caps fell short in their fight to break even. A news conference from Donald Trump mixed stocks up Wednesday with his vilified statements about the pharmaceutical industry that catalyzed a sell off in bio-tech stocks. The rise in stocks since the election has been attributed to investors betting on the economy friendly policies expected from the Trump administration. The news conference was an opportunity for investors to get
The new year started off with gains across the board for the TSP funds. The TSP stock funds, C, S, and I, lead as they were all up more than 1.5% for the week. It seems big names are carrying the indices while the overall action may not be as positive as it seems. This does not matter right now for those in the TSP funds but gives us an idea about the actual strength of stocks.
The December Jobs report came out Friday with numbers lower than expectations; 156,000 jobs were added while
The last week of the year skimmed off some of this year's gains in stocks. We saw a trend this short week of stocks having a decent open followed by a decline into the close. Volume was low and the recent action has lost its momentum so the typical post-Christmas buying environment was not found. The last few Januaries have not been good for stocks and everyone knows it; traders may pull out to start the year to see how the market is going to react to the new year with a new president with the inauguration
An increase in the Fed Funds rate from the Federal Reserve provided volatility this week allowing traders to make some moves as we enter the last two weeks of the year. Stocks sold off Wednesday after the expected rise in interest rates from the Fed, but most of those losses were were reclaimed early Thursday. However, as the week carried out stocks made their way below the previous Friday's close to end the week in negative territory.
It is possible the five-week rally has topped
Buyers were back to work this week after the slight pull-back last week from the relentless upside we've seen since the election. Stocks produced gains everyday this week giving the C-fund more than a 3% gain and S-fund a more than 4% gain. Most market analyst have given up on the underlying reason for the constant rise in stocks we've seen in the last month and the only logical credit is momentum. Predicting a top is futile and risks being left behind if incorrect. So the best defense for those
S&P 500 (C fund)
||Dow Completion (S fund)
||EFA (I fund)
||Bonds (F fund)