TSP stock fund prices were dragged down in the first half of the short week. Each of the TSP stock funds saw their worst losses on Wednesday. The C and S-funds were able to reclaim some of the losses in the second half, but both funds suffered a net loss over the four days. The I-fund was the only stock fund to end the week with a positive return.
All the TSP stock funds were helped by a surge in prices in the last 15 minutes of trading on Friday. This was after the S&P 500 (C-fund) and DWCPF (S-fund) spent most of the day in negative territory. Both indices slipped early while investors were initially underwhelmed by the personal consumption expenditures (PCE) data that came in as expected that morning. But prices climbed sharply as the week of trading wrapped up and those indices cut their weekly losses while the I-fund climbed to positive territory for the week.
Here are the weekly, monthly, and annual TSP fund returns for the week ending May 31:
The best buying opportunity came on Wednesday in the I-fund. While the broader market sold off on Wednesday, the I-fund had the worst of it among the TSP funds with a 1.63% loss. However, that was followed by a 1.66% gain over the next two remaining days of the week. Any buyer of the I-fund on Wednesday would have led the TSP Talk community for the week, but we did not see that IFT executed.
Best IFTs of the week
This week’s best TSP fund performance came from the I-fund’s 0.14% gain. Only three members were able to outperform the I-fund. They were RER754 (+0.55), BorderBlade (0.36%), and FireWeatherMet (0.36%).
The common move among them was moving into stock funds on Thursday to catch the late market rally on Friday.
The best performer RER754 held 100% G-fund for the first half of the week then moved to 40% G-fund, 40% C-fund, 10% S-fund, and 10% I-fund on Thursday’s close of business.
Best Return for the Month
The surge in prices late Friday was particularly helpful to ColonelFur who held 30% of each of the TSP funds and sat in fifth place in the May AutoTracker Contest coming into the last day. The late rally lifted their May return from 5.79% to 6.59% to essentially tie with thewingreaper for the best return and top prize for May.
Thewingreaper got their 6.60% return from holding 100% S-fund for the first half of May and then moving to 100% G-fund on May 15[SUP]th[/SUP], the second-best price for the S-fund in May.
ColonelFur similarly moved out of stocks (20% C and 80% S) and went all in on the G-fund on May 15[SUP]th[/SUP]. They then used a second IFT on May 23[SUP]rd[/SUP] to pick up 30% of each of the TSP funds (C,S,I) and left 10% in the G-fund.
A common theme among the top 5 performers was moving out of stock funds and into the G-fund mid-month. Prices for the month peaked just before the Fed Minutes were released and Nvidia came out with their earnings. Those highs came on the 21[SUP]st[/SUP] for the C-fund and on the 20[SUP]th[/SUP] for the S and I-funds.
Impressive work by BorderBlade for making it to the top 3 for the month and the week. FireWeatherMet made it into the top 10 for both as well.
Impressive maneuvering by some of the best investors in our TSP Talk community!
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Good luck and thanks for reading! We will be back here next week with another TSP Talk Wrap Up. You can read our daily market commentary at TSP Talk - Market Commentary. If you need some help deciding what to do with your account, perhaps one of our premium services can help.
Thomas Crowley
(TommyIV)
www.tsptalk.com
Weekly Wrap-Ups Archive
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The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.
