All the three TSP stocks funds were up and all three produced new all time highs this week. Day to day was mixed between the indices but the overall trend was up for stocks. The I-fund outperformed the stocks funds with help from the falling dollar giving strength to foreign equities. The range in the U.S. stocks shrank when compared to previous weeks. Earnings season is slowing down and there was not much in the news to move the markets. Even the lackluster jobs report that came out Friday did not seem to have much of an effect on stock indices. The report could be looked as an advantage for stock investors who like any economic data that doesn't put pressure of the Federal Reserve to reverse their quantitative easing that has fueled the markets for more than a year.
The C and S-fund slipped Friday, both losses were minimal, but were able to produce more than 0.5% gains for the week. The I-fund ran up 1.81% for the week to outpace the TSP funds but the fund is still lagging the U.S. tsp stock funds for the year. Bonds slipped slightly after Friday's losses took the fund out of positive territory for the week.
Markets will be closed Monday making next week a four day trading week during a part of the year that sees lower volume. The main focal points of the market remain to be the extent of the delta variant of Covid-19 and its effect on the economies growth. The effect will also carry weight to the Federal Reserves decisions to start tapering bonds purchases as they step towards their goals of taking control of inflation.
Looking for an edge on your TSP return? Get the Last Look Report for as low as $4.19 / month. The report is a daily email on the auto tracker moves, news, forum threads, and more before the IFT deadline. The service is aimed to help you make your own IFT decisions by giving you relative information 30 min prior to the deadline including where the members of TSP Talk are moving their money.
Here are the weekly, monthly, and annual TSP fund returns for the week ending September 3:
The SPY (S&P 500 / C-fund) was up to start the week besides facing rising resistance. The index broke that resistance and remained above it for the week posting a couple new all time highs. Trading range of tight but that doesn't mean that will last long. Look back just in August where tight trading turned to volatile days quickly. The C-fund was up 0.62% for the week.
The Dow Completion Index (S-fund) fell to start the week while the C-fund was up but a two day rally Wednesday and Thursday pushed the index into new all time highs. The index slipped slightly off its highs Friday. The S-fund was just short of the C-funds gains with a 0.59% rise from the previous week.
EFA (EAFE Index / I-fund) stood out this week with a three days of gains while U.S. stocks were down on Friday. The index finished the week with a new all time closing high. There are gaps below one of which was produced Wednesday when the index jumped up to overhead resistance levels. Instead of filling the gap the in the face of resistance, the index produced new highs in two consecutive sessions. The I-fund added 1.81% for the week. This is the second consecutive week the I-fund has outperformed the C-fund.
BND (Bonds / F-fund) jumped between gains and losses and ended the week with its biggest loss of the week (-0.17%) to finish the week down 0.04%. The index had also spent most of the week above its 20-day EMA until falling below Friday and finishing the day about even with the moving average. Gains seemed to be limited to the overhead resistance brought by the top of a once open gap that got filled mid-August.
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.
Thomas A Crowley
wwww.tsptalk.com
Facebook | Twitter
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.
The C and S-fund slipped Friday, both losses were minimal, but were able to produce more than 0.5% gains for the week. The I-fund ran up 1.81% for the week to outpace the TSP funds but the fund is still lagging the U.S. tsp stock funds for the year. Bonds slipped slightly after Friday's losses took the fund out of positive territory for the week.
Markets will be closed Monday making next week a four day trading week during a part of the year that sees lower volume. The main focal points of the market remain to be the extent of the delta variant of Covid-19 and its effect on the economies growth. The effect will also carry weight to the Federal Reserves decisions to start tapering bonds purchases as they step towards their goals of taking control of inflation.
Looking for an edge on your TSP return? Get the Last Look Report for as low as $4.19 / month. The report is a daily email on the auto tracker moves, news, forum threads, and more before the IFT deadline. The service is aimed to help you make your own IFT decisions by giving you relative information 30 min prior to the deadline including where the members of TSP Talk are moving their money.
Here are the weekly, monthly, and annual TSP fund returns for the week ending September 3:
The SPY (S&P 500 / C-fund) was up to start the week besides facing rising resistance. The index broke that resistance and remained above it for the week posting a couple new all time highs. Trading range of tight but that doesn't mean that will last long. Look back just in August where tight trading turned to volatile days quickly. The C-fund was up 0.62% for the week.
The Dow Completion Index (S-fund) fell to start the week while the C-fund was up but a two day rally Wednesday and Thursday pushed the index into new all time highs. The index slipped slightly off its highs Friday. The S-fund was just short of the C-funds gains with a 0.59% rise from the previous week.
EFA (EAFE Index / I-fund) stood out this week with a three days of gains while U.S. stocks were down on Friday. The index finished the week with a new all time closing high. There are gaps below one of which was produced Wednesday when the index jumped up to overhead resistance levels. Instead of filling the gap the in the face of resistance, the index produced new highs in two consecutive sessions. The I-fund added 1.81% for the week. This is the second consecutive week the I-fund has outperformed the C-fund.
BND (Bonds / F-fund) jumped between gains and losses and ended the week with its biggest loss of the week (-0.17%) to finish the week down 0.04%. The index had also spent most of the week above its 20-day EMA until falling below Friday and finishing the day about even with the moving average. Gains seemed to be limited to the overhead resistance brought by the top of a once open gap that got filled mid-August.
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.
Thomas A Crowley
wwww.tsptalk.com
Facebook | Twitter
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.
