tsptalk
Moderator

Day two of the pullback took stocks off their highs and we're close to knowing if this is a 2 - 3 day dip, or the start of a more serious decline, similar to what we saw in January, February, and March, with those pullbacks lasting between 4 and 13 days before reversing up again. The Dow lost 256-points on the day, which was off the lows after a final hour push higher yesterday. Bonds bounced back yesterday, yields were down, and the dollar also rebounded some, putting

Read More

Stocks pulled back on Monday with the Dow losing a modest 123-points, which was well off the lows, but we saw more serious losses in the Nasdaq and small caps as bond yields started to rally back. The market needed a rest and the question is whether any decline will be a pause to consolidate, or an outright pullback or correction to perhaps clean up some of the over extended charts.

Read More

Stocks were mostly higher on Friday while bonds pulled back. The Dow gained 165-points and led on the upside with a 0.48% gain. Large tech, and more so the small caps, lagged on the day, but all the TSP stock funds added about a percent and a half of gains last week. Bond yields look ready to move higher again and that could be a test for stocks this week.

Read More

Stocks moved higher on Thursday after a couple of very strong economic reports were released - initial jobless clams and retail sales. However the futures were rallying most of the night before so there must have been something more to it. The Dow gained 305-points and while the rally was fairly broad across many indices, internally it was suspect. Small caps battled back from some early losses to follow through on Wednesday's relative strength. Bonds had an interesting rally with yields dropping

Read More

It was another rotational day for stocks yesterday as the indices were mixed yet again. We saw early gains fade and some indices did well while others suffered. The Dow gained 54-points, which was almost 200-points off the highs, and the Nasdaq lost 1% (1.3% on the Naz 100.) On the other hand the small caps of the Russell 2000 rebounded after a week or so of pulling back.

Read More