TSP Talk Blog

It was an uneventful start to the new month as stocks traded in a fairly tight range while closing near the lows of that range. The losses were minor despite the news that failing First Republic Bank being bought by JP Morgan Chase. The Dow gave up 46-points, the S&P 500 was flat, and only the S-fund managed a slight gain on the day. Yields were up sharply sending bond prices and the F-fund down, and the I-fund lagged because of strength in the dollar.

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