TSP Talk Blog

Stocks opened modestly higher on Wednesday but it was just prelude to a Fed fueled explosion after Fed Chairman Jerome Powell basically said they are be getting close to the level they are seeking for interest rates. The indices immediately responded and never looked back. The Dow ended the day up 618-points, or 2.5%, and the gains were broad across all stock indices. That was the best day for the Dow since March. Bonds even posted a nice gain.

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