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The short week following Labor Day consisted mostly of low volume and low volatility, that is, until the market made its biggest move in months on Friday. In one day stocks fell to July levels after spending the past two months slowly rising to the recent levels. Concerns over higher interest rates seem to have gotten the best of investors.

The sell-off on Friday put the C and S-fund down more than 2% for the week with the S-fund lagging. All the TSP funds, other than the G-fund, were ...