TSP Talk Blog

The market did some modest digesting on Monday, digesting of Friday's big gains, last week's big gains, and October's big gains. The Dow lost 129-points but perhaps surprisingly, it was the best month for the Dow since 1976. Welcome to a bear market. The problem yesterday was that it appears that bond yields and the dollar have stopped pulling back, and are in fact moving up again. Does this say something about what savvy bond traders are preparing for during Wednesday's rate hike announcement? ...