TSP Talk Blog

The busy week starts off with a sell off in stocks led on the downside by tech stocks as the Nasdaq posted a 2% loss. The Dow lost 261-point. The S&P 500 (C) and DWCPF (S) both fell more than 1%, and the EFA (I) held up better despite a decent rally in the dollar. Bonds were down as yields moved up.

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The stock market has been on a role and Friday's rally took some indices up to, and beyond, the early December highs, recovering those nasty December losses. We did see a little steam come of the rally in the final half hour of trading on Friday, but the Nasdaq and small caps ended the day with impressive gains again. The I-fund lagged as the dollar moved up, and bonds (F) were down slightly.

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The upside rubber band continues to stretch with more gains for the stock market on Thursday. The Dow added another 206-points with tech stocks leading the way. The S&P 500 (C-fund) and DWCPF (S-fund) both gained about 1% while the I-fund lagged as the dollar rallied on the stronger than expected 4th quarter GDP report. Bonds also lost ground on that data as yields rallied.

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Another impressive come back for stocks after the opening bell sell off. Microsoft made a full circle from up 4% afterhours on Tuesday after reporting earnings, to being down 4% at Wednesday's opening, before closing just slightly negative, and that was basically the directional path of the major indices as well. The Dow ended the day with a 10-point gain, the S&P 500 and small caps ended the day flat, and the I-fund had solid gain with the help of more weakness in the dollar. Bonds and the ...

Stocks were flat to lower on Tuesday despite a sharp sell off in early trading. With Microsoft earnings on deck after the bell yesterday, and several other major tech companies scheduled to release earnings over the next week, plus the FOMC meeting also next week, the market treaded water during the day. The Dow had a triple digit gain but the broader indices were flat to lower on the day. Bond yields and the dollar opened higher triggering the selling in early trading yesterday, but they both ...