TSP Talk Blog

Stocks opened lower after weak retail numbers were released, but the dip buyers didn't take long to do what they do, and we saw a sharp late morning rally after some accommodating words from one of the Fed governors regarding the Fed balance sheet. For a second straight day however, there was some late selling to take the indices off their highs, and in the case of the Dow and S&P 500, into negative territory. The Dow lost 104-points. Small caps and the Nasdaq were up.

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