TommyIV's TSP Talk Blog

Large cap stocks reached new record highs twice this week thanks to good earnings reports and an uplifting GDP report. Not all earnings this week have been on the winning side but bigger players like Amazon and Facebook stole the show with their outperforming reports. The bar has been set lower than usual for earnings this season but leading companies so far have given investors less reasons to sell.

Stocks surged to new highs Friday following the release of the latest GDP report. ...

Hey all I'm taking the week off to enjoy the holiday. I will cover the action in the TSP funds including this week in next week's post.

Happy Holidays

Stocks spent most of the week down from last week's close until big bank earnings and positive economic news out of China pushed stocks up Friday for their third straight week of gains. The trend of light volume resumed this week and trading was tight and uneventful for most of the week ahead of earnings. What seemed to be a good time for indices to pull back from their relentless surge turned into a breakout of resistance and new highs for the year.

JP Morgan came out with better-than-expected ...

The beginning of the new quarter paralleled optimistic headlines and favorable economic data setting up buyers to continue their control of the stock market. Manufacturing activity in China perked up in March according to reports after coming off a three year low in February. This sparked investors' interest who previously were concerned that trade disputes between the U.S. and China were dragging down global production; the report discredited these worries. Buyers were provoked again Wednesday ...