TSP Talk Blog

Stocks were up modestly on Monday and the internals were fairly strong, but the large early gains failed at the recent highs and it was more of a disappointment for the bulls than a victory. The Dow was up 335-points at its high and closes up just 16, so the overly emotional Monday morning gap up was quickly filled, which can be a good thing, but it couldn't recapture that early excitement in the afternoon trading. We saw an even larger percentage gain in the S&P 500 fade, so the new week ...

A better than expected jobs report on Friday was not what the doctor ordered for the bulls and the bears put the pressure on and took back most of the gains from Thursday's rally. The 390,000 jobs added was well above estimates and the unemployment rate remains 3.6%. Bonds were down as the yield on the 10-year Treasury creeps back up near 3%. The dollar was up but remains well off of May's highs after recently breaking its uptrend.

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