TSP Talk Blog

Stocks continued their sell-off on Monday with the Dow losing another 1175-points, on top of Friday's 666. I know it has been a while since we've seen anything like this, but the bigger the rallies are, particularly when they go straight up, the harder they tend to fall. The Dow was down a whopping 1600 points at the lows on Monday which was the largest intraday loss ever for the Dow, but percentage-wise it wasn't close to a record. Still, that was alarming.
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Welcome to February. Stocks pulled back sharply as the Dow lost an eerie 666-points on Friday, ending a week that saw the Dow fall over 1000-points. It was a very broad sell-off with all of the major indices shedding 2% or more on the day. Volatility is back and that is not necessarily a bad thing. Yes, it could mean that stocks may struggle, but it could set up better trading opportunities, and after the buy and holders had their fun in the sun, market timers will welcome a change. ...

U.S. Adds 200,000 Jobs; Wage Growth Best Since Recession

The U.S. economy added a better-than-expected 200,000 jobs in January, the Labor Department said. The unemployment rate held steady at 4.1%, its lowest level since December 2000.

https://www.wsj.com/livecoverage/jan...eport-analysis

The Dow traded in a near 300-point range on Thursday being up as much as 157-points, and down as much as 135-points, but settled at +37-points as it was another day of fairly dramatic ups and down. The broader indices were mixed with the S&P down slightly, the Nasdaq down modestly, while small caps picked up a modest gain.

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It was a bumpy ride for stocks on Wednesday with the indices opening sharply higher on the day, but those morning highs didn't last long and we saw a steady decline late into the afternoon pushing most of the major indices into negative territory before a final hour rally pushed many of them back near break even. The Dow was up about 260 at the highs, then down 25 at the lows, finally closing up 73-points. The S&P 500 was flat while small caps lagged with a modest loss. ...