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New highs... again

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Despite a small dip in the Dow, stocks were mostly higher on Tuesday with solid gains again in the Nasdaq. The Dow lost 4-points but we saw gains in the S&P 500 (C-fund), small caps (S-fund), international stocks (I-fund), and bonds (F-fund) as well.
Daily TSP Funds Return

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The rally keeps chugging along and analysis has been a hindrance, if anything, as the buy and hold strategy continues to work. Earnings have been mostly good, but even disappointing announcements haven't led to any selling.

Earnings will keep rolling in but now with the shutdown behind us for a few weeks, investors' attention will be on the Fed's FOMC meeting next week where interest rates are not expected to be raised yet, but since the last meeting the market and the economy have moved into another gear and that could change their outlook on rates - perhaps making them more hawkish.



The SPY (S&P 500 / C-fund) rallied to a new high yesterday. I know, it's a yawner but the buy and holders continue to high five each other while most market timers lag behind them. The indices obviously took things into another gear when the new year started, but how long can this pace last? That's the $1M question.




The small caps / S-fund posted another solid gain and closed at a new high as well. It's at the top of a rising channel and should be due for a pause, but someone tell that to the buyers who have not let up.




The EAFE Index (I-fund) led the TSP fund as the dollar continues to get pounded and help the overseas market indices.




And here is the chart of the dollar as it makes another multi-year low. It last hit the current level in late 2014.




The High Yield Corporate Bond Fund rallied so once again the recent warning sign from the HYG seems to have been a false alarm.




The AGG (bonds / F-fund) rallied yesterday as they had gotten fairly oversold in the short-term, so a relief rally to fill the open gap and test the overhead resistance sounds reasonable. The FOMC meeting next week could be a market mover for bonds.




Read more in today's TSP Talk Plus Report. We post more charts, indicators and analysis, plus discuss the allocations of the TSP and ETF Systems. For more information on how to gain access and a list of the benefits of being a subscriber, please go to: www.tsptalk.com/plus.php

Thanks for reading. We'll see you back here tomorrow.

Tom Crowley


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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.

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