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TSP Talk Sentiment Survey results for the week of 02/03/14- 2/07/14

The TSP Talk Sentiment Survey came in at 49% bulls, 40% bears.

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Stocks were down sharply again on Friday, despite a valiant attempt to rally off of the morning lows. Apparently investors were concerned about holding into the weekend with all the issues going on with emerging markets and their currencies. The Dow lost 150-points but the broader indices actually held up a little better, while bonds closed higher.
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If you like roller-coasters, you probably loved the action last week. We saw 4 out of 5 trading days with at least a 90-point move in the Dow. In January there were 10 days where the Dow moved 100-points or more, while in 2013 there was just one so, unfortunately for the bulls, 2014 may not be another 2013.



Here are the weekly, monthly, and annual TSP fund returns through Friday, January 31...
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Stocks rebounded on Thursday as volatility continues and we saw yet another triple digit move in the Dow. Facebook had a big gain after strong earnings and that helped tech stocks and the Nasdaq, but after the close earnings were mixed with Amazon getting hit hard. Bonds (F-fund) and the I-fund were both down slightly.
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Turnaround Tuesday turned into another Wild Wednesday as stocks opened lower and remained pinned down, particularly after the Fed policy announcement, which is a big change from what we've been used to. The losses were broad, but not extreme (about 1%). Bonds rallied again.
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