TommyIV's TSP Talk Blog

The bulls took their summer vacations and their profits this week. Price momentum shifted sharply after both the C and I-fund reached new 2023 highs in the previous week. This week all three TSP stock funds were down, the I-fund's 3.26% loss was the worst of them all. The C and I-fund each saw a single day of gains amongst a sea of red, and those gains were not impressive. The S-fund was down all four days.

The argument for the pull-back is clear as day in retrospect. ...

I hope you've been in stocks through June. All three TSP stock funds are up more than 5.5% for the month and were up more than 2% this week. Stock indices started the week off with gains and the momentum carried on through Tuesday after the release of the Consumer Price Index (CPI). The latest year-over-your CPI was up 4% which was low enough for investors to bet on a rate pause by the Federal Reserve the following day. They were correct.

The Federal Open Markets Committee ...

This push-and-pull price action is making me dizzy. Who is in control of this market? The bulls have succeeded in keeping the S&P 500 (C-fund) buoyant but lack the conviction to maintain price momentum. The charts look good, the long-term trend is up, and the S&P 500 is trading at its highest level in 2023.

What the bears have is the Federal Reserve. The 'what ifs' of next week kept investors in check and action tame this week. The Fed makes a rate policy decision Wednesday, ...