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TommyIV's TSP Talk Blog

TSP Talk Weekly Wrap Up

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This week an end came to the sideways movement of stocks that had endured since mid-May. Buying from the celebrated jobs report the previous Friday carried into Monday to put stocks into positive territory where the would remain for the week. Stocks rallied again Wednesday setting the highs for the week where the would eventually close at on Friday. The buying came with no real ease to the usual troubles. Trade war issues were still in the news among other potential negative catalysts. Buyers were not fazed and the bulls were able to give this market a direction.

This buying came ahead of a busy week. The anticipated North Korean Summit is scheduled next week. The tariff agreement deadline is on Friday so trade talks leading up may or may not have an effect on markets. The FOMC meeting is also next week where there is an expected announcement of another interest rate hike from the Fed.

The S-fund led the TSP funds with a gain just short of 2% for the week. The F-fund was the only TSP fund with a negative return for the week as bond yields have risen again.

Here are the weekly, monthly, and annual TSP fund returns for the week ending June 8th:

The SPY (S&P 500 / C-fund) broke above the ceiling of May Monday. The index continued up from there and even made it above a rising trend line. Now the next hurdle is the highs of March which sit right above current prices. The C-fund was up 1.66% for the week.

The Dow Completion Index (S-fund) made it above the January highs to produce new highs this week. The index has traded tightly in rising fashion going back to the middle of the previous week. The S-fund outperformed the other TSP funds with a gain of 1.93% for the week.

EFA (EAFE Index / I-fund) opened up Monday but filled the open gap the next day. The index could not make progress above its 20 and 50-day EMAs to fill the open gap above. The I-fund gained 0.93% for the week but lagged the gains of the other TSP stock funds.

AGG (Bonds / F-fund) fell this week as bond yields began to climb again. The index did fill some open gaps but there are two more below that are not making this chart attractive despite the recent success. The F-fund was down 0.22% for the week to lag the TSP funds.

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.

Thomas A Crowley
Weekly Wrap-Ups Archive
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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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SPY (C Fund) (delayed)

( Real-time)
DWCPF (S Fund) (delayed)

( Real-time)
EFA (I Fund) (delayed)

( Real-time)
AGG (F Fund) (delayed)

( Real-time)