TommyIV's TSP Talk Blog

Stocks were mixed this week as we saw small losses in the large caps (C-fund) and small gains in small caps (S-fund). The action was tight this week coming off last week's jobs report which seemed to initially attract buyers. That did not continue into this week as news events such as the UK election and Comey's testimony couldn't provoke too much movement in any direction. Friday opened higher for large caps and quickly started selling off and the dip buyers came too late to completely regain the losses.

The big story on Friday was the wild movement in the Nasdaq, which suffered its largest daily loss since Brexit. That was on a day when the Dow gain almost 90-points. Interesting day.

The greatest loss this week for the TSP funds was the I-fund with a loss of 1.16%. This was mostly a product of the UK election and its affect on the pound. The S-fund was produced a modest gain of 0.13% to lead the TSP funds.




Here are the weekly, monthly, and annual TSP fund returns for the week ending June 9th:




The SPY (S&P 500 / C-fund) tested and retested the overhead resistance it moved past last week. It broke back within the trading channel Friday but the late buying put the index back above the resistance line. This dropped the C-fund 0.27% for the week.




The Dow Completion Index (S-fund) has stayed within a steep rising channel after hitting support mid-May. It now faces overhead resistance which it moved above intraday Friday before retreating back below. The S-fund produce a slight gain of 0.13% for the week.




EFA (EAFE Index / I-fund) filled the open gap from last Friday within the first two days of the week. The index then continued to fall and fell below the support that has held for more than a month. This could have been a result of the UK election affect on the pound. The I-fund lagged the TSP funds with a loss of 1.16% for the week.




AGG (Bonds / F-fund) produced gains early but continued to fall the rest of the week which closed the gap below. Bonds could not produce further after and closed near the bottom of the closed open gap for the week. There are still two more gaps below the current price. The F-fund had a slight loss of 0.15% 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 the Market Comments page. If you need more help deciding what to do with your account, perhaps one of our Premium Services can help.



Tommy Crowley
www.tsptalk.com
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The legal stuff: This information is for educational purposes only! This is not advice or are commendation. 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.