TSP Talk Blog

Stocks exploded higher on Wednesday and the headlines suggest some stronger than expected economic data, but bond yields gave up a big early gain so it didn't seem overly related to the data. It could have been some old fashioned FOMO (fear of missing out), or possibly triggered by some Fed comments, but that Fed talk didn't sound all that encouraging, so it was more of a head scratcher rally to me. The Dow gained 416-points, about 100-points off the highs as we did see some selling late into ...