TommyIV's TSP Talk Blog

Stocks began the week with a higher open on Monday. Thereafter, the S&P 500 remained above last week's close but action was mixed intra-week as we've been used to lately while indices are trading near their highs. Stocks jumped higher Friday following Fed Chairman Jerome Powell's message that the Fed plans to keep the rise of interest rates gradual despite the heat of the growing economy. Investors jumped into stocks and the S&P 500 broke into a new high to end its longest streak without reaching ...

The action this week was choppy but the last move was up on Friday to give the S&P 500 its second consecutive week of gains. The troubles in Turkey made investors question the health of the global economy and some argued this was an opportunity for stocks to do some correcting. That did not happen this week. We saw stocks fall Wednesday morning but investors shrugged that off quickly and the buyers came back in Thursday to push them back into positive territory for the week where they remained. ...

Stocks reached their highs early this week, became mostly stagnant intra-week, and finished Friday with a sell-off to push large caps into negative territory. The sell-off Friday was credited to the fall in the Turkish currency after President Trump announced he would double steel and aluminum tariffs on Turkey. This caused trouble in foreign markets and then in U.S. stocks. Traders were running out of reasons to buy as earnings were wrapping up and we are in a slow part of the year for trading. ...

U.S. stocks were up again for the week thanks to a rally in front and following the monthly jobs report. The trading action early in the week was choppy and mostly in negative territory; investors were hesitant to buy more than the previous Friday's close yet positive earnings reports kept traders from selling too much.

The jump up in the price of Apple following the release of its earnings was the first big win for the bulls. More earnings reports, particularly from tech companies, ...