TSP Talk Blog

The FOMO - fear of missing out - rally continued yesterday as the underinvested try to catch up to the indices that are running away from many of the bears. We came into this year with investor sentiment on the very bearish side so when the rally started, there was plenty of cash on the sidelines to keep the rally fueled. Add a more dovish sounding Fed and some decent earnings from Meta and the rally plowed ahead on Thursday. The Dow lagged again, but the broader indices were off to the races ...