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TSP Talk Weekly Wrap Up

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Stocks fell early this week as investors focused on the rise in bond yields which reached the psychologically troubling 3% for the 10-year Treasury Note Tuesday. The 3% 10-year treasury yield milestone has been a highly talked about figure this year as it hasn't been reached in four years and yields have been dancing below it for some time. Stocks were able to reclaim some of the early losses in the week as yields pulled back and a number of over achieving earnings reports were released.

Friday was mixed and the indices didn't move much but that troubled investors who expected Thursday's rally to continue with the first quarter success that had been reported by a number of large companies. Some think that stocks have been given what they need to progress higher but have not executed which could be signs that we are no longer in the bull market of 2017.

Earnings season continues next week with a lot of eyes on Apple. If stocks don't make progress in the case of another good report, it could mean longer term trouble is ahead.

The S-fund lagged this week falling 0.73% while the C-fund was flat. The I-fund was down as the dollar rallied this week. The F-fund fell early in the week as yields rose but bounced back to just above even for the week.

Here are the weekly, monthly, and annual TSP fund returns for the week ending April 27th:

The SPY (S&P 500 / C-fund) fell below its 20-day and 50-day EMAs early in the week but was able to regain a majority of those losses as the rest of the week progressed. The index could not make it back above its 50-day EMA Friday. If i did next week it will be met with a falling trend line from the last couple month's highs. The C-fund ended flat for the week.

The Wilshire 4500 Completion Index (S-fund) could not regain as much of its early losses as with the S&P 500 leading the fund to underperform. The index is battling the resistance of the 50-day EMA and short-term falling resistance. The S-fund was down 0.73% for the week.

$IEE (EAFE Index / I-fund) gapped down early in the week as dollar rose but was able fill that open gap as the week progressed to minimize losses. This put the index back above its 50-day EMA but it failed to fill a gap from earlier this month. The I-fund lost 0.21% for the week.

AGG (Bonds / F-fund) fell early in the week with the rise in yields and even made a new low for the year on Wednesday. The index recovered those losses late in the week as yields pulled back and the F-fund was back around even for the week. There is an open gap above but the index will have to make it through the 20-day EMA again to get there. The F-fund was up 0.01% 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.

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)