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  1. Relief!

    Yesterday's commentary started with the word, "incredible". Today "amazing" may be appropriate to describe Wednesday's action. The Dow gained 1086-points, the largest point gain ever for a single day, and 504 out of the 505 stocks that are in the S&P 500 were up - the most since at least 1990. All of that is well and good, and any bottom starts with a rally, but don't forget ...
  2. Relentless

    Incredible. In unprecedented action, there has never been a Christmas Eve with a loss of 1%, let alone nearly 3%. We've been through depressions, financial crises, the crash of 1987, the dot com bubble bursting, yet we're currently seeing relentless downside action that is some of the worst market action we've ever seen over in a short period, and now it includes the seasonally strongest part of the year. Is it possible that it is merely interest rates, tariffs, and ...
  3. Missing! Have you seen the Santa Claus rally?

    It was another lost opportunity for the bulls on Friday as an early 400-point rally turned into another 400-point loss and the downside pressure persists. According to my data, it was the highest trading volume day on the NYSE ever. The Nasdaq, particularly those old high flying FAANG stocks, were hit hardest, and small caps lagged the larger stocks. Will there be a Santa Claus rally at all? It's already a no-show but this week between Christmas and New Year's ...
  4. TSP Talk Weekly Wrap Up

    The Fed decided to raise rates this weeks and investors did not take it lightly. Despite the dovish tone indicating an ease on monetary tightening in 2019, investors started selling and it carried on for the rest of the week.

    Investors who kept their position for the week are hoping the Santa Claus rally will finally take place next week. However, seasonality has not been in the bulls favor this year so its not something to be expected.

    I'm keeping it short for the holiday ...
  5. It's now or never for the Santa Claus rally

    Stocks passed on another opportunity to rebound as the slide continued with another 2% decline for the Dow, which was down 465-points. The S&P 500 and small caps did slightly better, but not much, although if we're looking for some signs of life, the Dow did close more than 200-points off the lows. The Fed rate hike hangover rolled over into the day, and it looks like stocks needed at least one more day to recuperate.

SPY (C Fund) (delayed)

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DWCPF (S Fund) (delayed)

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EFA (I Fund) (delayed)

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AGG (F Fund) (delayed)

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