TommyIV's TSP Talk Blog

Stock indices gapped up and traded in positive territory for the second consecutive week. Liquidity provided by the Fed has been the blood of this rally while optimism of an eventual recovery (no matter how far away) has been the heartbeat. The first half of May had analysts sure that the rally had run its course and the 'bear market' would show its ugly side. The second half including this week demonstrates the market has unreasonable capabilities. Banks had been a lagging and concerning entity ...

The bulls remain resilient while the bears continue to point at the economy. Stock prices gapped up Monday to start a week that would trade in a flat and relatively tight trading range the next four days. The bulls got their gains early but maintaining the gains in the face of resistance and the constant accumulation of poor economic numbers reflected the strength of buyers. Economies and towns are opening back up and I think investors have faith in strong comeback. Stocks are always a bet on the ...

The recovery trajectory was broken this week but an impressive reversal off the lows compels credit to be given to buyers. More deteriorating economic numbers ahead of the reopening of many economies in the U.S. took their toll on stock prices but it was Jerome Powell's not so reassuring comments Wednesday that really spooked the market. His concern that there is still need for stimulus from the government to essentially save the economy had investors question their holdings and the real value of ...

The logic behind the market gets scrambled again after the worst jobs report in history sparks gains in stocks. The economy and stock market continue to move in opposite directions. But is that really abnormal? The jobs report numbers were old news to investors who were watching the weekly jobless claims so low expectations were already in place. Fear of mission out (FOMO) still reigns as a major driving force for the market thanks to the collective idea that the economy is bound for a quick recovery. ...

Stocks produced a higher high in the comeback rally Wednesday but troubling earnings from thought to be invincible tech giants gave investors a taste of reality. Indices gave back a majority or all of the gains from the first half of the week when pressure to sell began accumulating Thursday and into Friday. Along with unimpressive profits from stocks that had been leading the April rally, economic data began piling on that suggests the economy may be in real trouble. Unemployment claims are still ...