A few factors played their role in this week's action which ended with stocks slightly up. Stocks were sharply lower on Monday as the first presidential debate was scheduled for later that night giving traders a reason to sell. However, stocks bounced back on Tuesday post-debate as if satisfied with how it played out.
Other headline contributors to the action included the OPEC rumor to reduce oil production, followed by the Deutsche Bank issues, which put stocks down on Thursday. There was a possible Deutsche Bank resolution proposed on Friday, which took away Thursday's losses and put stocks in positive territory for the week.
The C-fund led the TSP funds for the week with a 0.2% gain for the week. The I-fund lagged with a loss of 0.66% for the week, the only loss for the TSP funds.
Here are the weekly, monthly, and annual TSP fund returns for the week ending September 30th:
The I-fund led the TSP funds for September with a gain of 1.24%. The C-fund was just over from being even and the S-fund was just under a 1% gain. The F-fund had the only negative return for September but it was too was near even with just a 0.04% loss.
The SPY (S&P 500 / C-fund) has risen steadily with at least a rising support line that has held since the lows of September. The index was back into the recent range of a rising trading channel when stocks opened lower on Monday. SPY stayed within that channel for the entirety of the week. The C-fund was up 0.2% for the week and ended September with a slight 0.02% gain.
The Dow Completion Index (S-fund) has seen a short-term down trend from its peak last week but produced a slight gain of 0.05% for the week. The S-fund had a gain of 0.9% for September.
EFA (EAFE Index / I-fund) opened a new gap when the index opened down at Monday's open. The gap was filled by Wednesday but the fund took a loss of 0.66% for the week. The I-fund led the TSP funds for September with a 1.24% gain.
AGG (Bonds / F-fund) spent most days testing the overhead resistance that it has struggled with since August. The index was unable to make any major move above the resistance line and closed down on Friday to take away most of the early gains produced to give the F-fund a gain of 0.07% for the week. The F-fund lagged the TSP funds for September with the only loss for the funds as it was down 0.04%.
Good luck and thanks for reading. We will be back here next week with another TSP Wrap Up. You can read our daily market commentary at the Market Comments page. If you need more help deciding what to do with your account, perhaps one of our Premium Services can help.
Tommy Crowley
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 are commendation. 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.
Other headline contributors to the action included the OPEC rumor to reduce oil production, followed by the Deutsche Bank issues, which put stocks down on Thursday. There was a possible Deutsche Bank resolution proposed on Friday, which took away Thursday's losses and put stocks in positive territory for the week.
The C-fund led the TSP funds for the week with a 0.2% gain for the week. The I-fund lagged with a loss of 0.66% for the week, the only loss for the TSP funds.
Here are the weekly, monthly, and annual TSP fund returns for the week ending September 30th:
The I-fund led the TSP funds for September with a gain of 1.24%. The C-fund was just over from being even and the S-fund was just under a 1% gain. The F-fund had the only negative return for September but it was too was near even with just a 0.04% loss.
The SPY (S&P 500 / C-fund) has risen steadily with at least a rising support line that has held since the lows of September. The index was back into the recent range of a rising trading channel when stocks opened lower on Monday. SPY stayed within that channel for the entirety of the week. The C-fund was up 0.2% for the week and ended September with a slight 0.02% gain.
The Dow Completion Index (S-fund) has seen a short-term down trend from its peak last week but produced a slight gain of 0.05% for the week. The S-fund had a gain of 0.9% for September.
EFA (EAFE Index / I-fund) opened a new gap when the index opened down at Monday's open. The gap was filled by Wednesday but the fund took a loss of 0.66% for the week. The I-fund led the TSP funds for September with a 1.24% gain.
AGG (Bonds / F-fund) spent most days testing the overhead resistance that it has struggled with since August. The index was unable to make any major move above the resistance line and closed down on Friday to take away most of the early gains produced to give the F-fund a gain of 0.07% for the week. The F-fund lagged the TSP funds for September with the only loss for the funds as it was down 0.04%.
Good luck and thanks for reading. We will be back here next week with another TSP Wrap Up. You can read our daily market commentary at the Market Comments page. If you need more help deciding what to do with your account, perhaps one of our Premium Services can help.
Tommy Crowley
www.tsptalk.com
Weekly Wrap-Ups Archive
Facebook | Twitter
The legal stuff: This information is for educational purposes only! This is not advice or are commendation. 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.
