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TSP Talk Blog

This and that about the market, the TSP, maybe some politics, and life.

  1. Jobs Report November

    Jobs growth soars in November as payrolls surge by 266,000


    Nonfarm payrolls surged by 266,000 in November, better than the 187,000 expected by economists polled by Dow Jones.

    The unemployment rate ticked down to 3.5% from 3.6%, back to the 2019 low and matching the lowest jobless rate since 1969.

    The end of the GM strike had a big effect, boosting employment in motor vehicles and parts by 41,300, part of an overall 54,000 gain in manufacturing.
  2. The calm before the Jobs Report

    Stocks spent most of the morning in negative territory on Thursday but drifted higher in afternoon trading and closed with slight gains. The Dow gained 28-points and that was about the same percentage gain as the S&P 500 and Nasdaq. The small caps and Transportation Index were both basically flat on the day, and another drop in the dollar kept the I-fund positive.

  3. The 3-day dip meets a bounce back

    Stocks opened higher on Wednesday after the positive reversal on Tuesday. The Dow gained 147-points, which is fine, but it had lost 660-points in the prior three trading days, so it was fine but nothing too impressive, especially with the late selling. Both the S&P 500 and Nasdaq basically gained back Tuesday's losses with their gains yesterday.

  4. Another sell-off, but some buying at support

    Another day of selling on Tuesday as the Dow gave up an additional 280-points, which makes it about 550 points in two days. The rising trading channels are broken but if there was a bright side it was that the indices closed off their lows, with a few indices bouncing at some key support levels. The market leading Transports were hit the hardest shedding another 2%, but it bounced off the 200-day EMA, something it has had trouble doing this year when falling.

  5. New month, new direction?

    After back-to-back strong months for the market, stocks pulled back to start December with some sharp losses. The Dow lost 268-points and the broader indices lost somewhere in the neighborhood of 1% on the day. Bonds and gold were also down so it wasn't an outright sell risk, buy safety play, but that could change if the downside continues into the week.

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