Daily Market Commentary

After the pre-market CPI report was released we saw the start of what looked like another Turnaround Tuesday. The problem was the gap up open gave the bears a reason to push the indices back down, to fill that gap, so the turnaround turned back down. The Dow was up 362-points at its high and ended the day down 88-points, which was actually more than 100-point off its low as well. The S&P 500 hit a wall of resistance at its highs before flipping over. Bonds were up as yields came off their ...

Mondays continue to be movers and yesterday it was the bears who did most of the moving. Another rally in bond yields has the market on edge as we head into today's important CPI report and then earnings season. The Dow lost 413-points and it was fairly red across the board, although the recently beaten down Transports were up. Small caps were down but outperformed for a change.

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It was another rough week for the stock market and the TSP stock funds. Bonds also continued their struggle leaving only the G-fund with a gain for the week. The indices have been in a range between two key moving averages for a few days, one acting as support and the other resistance. The Dow managed a decent gain on Friday but the afternoon selling took away the early gains of the other major indices, and the I-fund may have held onto its gain only because the selling in the U.S. market came ...

It was a very volatile day of trading on Thursday as the bulls and the bears had a pretty good battle going on. The bulls won the day picking up a decent gain in the large cap indices, but the the bears kept the small caps down, and there were actually more stocks down overall, than up on the day. The Dow added 87-points, erasing a 300+ point morning loess. Oil was down, bonds and the dollar were up.

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The Fed's sentiment seems to be changing as they take a more hawkish tone with recent comments and per the recent FOMC meeting minutes, and the stock market reacted as we might expect since the Federal Reserve and their actions have been such major factor in our "free" markets. The Dow lost a modest 145-points with more significant percent losses in the broader indices. Oil fell sharply and below $100 a barrel, and 10-year bond yields move up to new highs.

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