The buy-and-hold method of investing has not been kind lately. The indices continue to shed prices and this week was similar to the previous. The S&P 500 spent some of the first half of the week in positive territory, but by Wednesday the bulls lost full control.
Earnings did not help those trying to catch the falling knife. A positive earnings report by Microsoft was overshadowed by a disappointing report by Alphabet.
The S-fund lagged the other TSP funds this week and has reduced its 2023 return to +0.29% after having a return as high as 19.30% for the year in July.
The F-fund was a source of gains this week with its 0.67% gain. A win for a few in our community. Less than 3% of the TSP Talk AutoTracker currently holds the F-fund.
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Here are the weekly, monthly, and annual TSP fund returns for the week ending October 27:
The SPY (C-fund) continued its latest free fall this week and fell below what could have been support. After the failure of the 200-day EMA to hold prices up last week, a rising trend line from spring trading marked the lows of the week through Wednesday, but its support was short-lived. The C-fund closed below $64 for the first time since May 24th. The next target for the bears is an open gap left behind in March.
The C-fund fell 2.53% for the week but was not the worst-performing TSP fund.
The S-fund received the title for worst weekly performer. The small-cap fund fell over 3% this week and closed at its lowest price since January 5th reducing its 2023 gain to just 0.29%. The DWPCF index hit some lows that held up in spring. Some investors might see this as a potential low.
The F-fund was the only light this week, albeit dim. The bond index pivoted from a recent low established in the previous week. The highs were capped at the bottom of an open gap from mid-October. Maybe investors are taking up bonds while yields are high and stock indices bottom out. The F-fund gained 0.67% for the week.
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 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.
