4/04/12
Stocks pulled back yesterday after the Fed indicated that future economic stimulus is not likely coming any time soon. The Dow lost 65-points but that was nearly 70-points off of the afternoon lows.
For the TSP, the C-fund was down 0.37% yesterday, the S-fund lost 0.23%, the I-fund dropped 1.36%, and the F-fund (bonds) fell 0.34%.
The dollar rallied on the news sending stocks and commodities lower, giving the I-fund particular fits.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The strength in the dollar pushed bond yields higher and that sent the F-fund down as well.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
I am still trying to play spring break this week, but I actually have an issue with the AutoTracker that I have to work on, so I am going to end it here. We'll have to see if the pessimism follows through today or if dip buyers show up again.
Don't forget about the important jobs report on Friday. By the way, the TSP did announce they they will not process any transactions on Good Friday.
Thanks for reading! We'll see you tomorrow.
Tom Crowley
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