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Stocks were down most of the day on Friday, but an afternoon rally took the indices well off of their lows. The Dow lost just 3-points, but the Nasdaq, S&P 500, and the Transportation Index each saw more of a decline.
For the TSP, the C-fund was down 0.32% on Friday, the S-fund fell 1.06%, the I-fund dropped 0.58%, and the F-fund (bonds)
The fund allocation shifts for both the Top 50 and the Total Tracker this week reveal both groups are moving in opposite directions. Nothing over-the-top yet, but definitely something to keep an eye on.
The Top 50 pulled back their collective stock allocations for the second week in a row. Last week it was by 7%. This week they almost matched that by drawing down another 6.88%. They still hold more than