TommyIV
Administrator

April has not been the month to hold stocks so far. Any TSP investors holding 100% stocks is down at least 2.4% for the month, and any of them holding 100% S-fund have seen their retirement account drop 4.7% in these first two weeks.

This week’s losses were deeper than the previous week’s. Yet only two TSP Talk AutoTracker members outperformed the G-fund last week. This week seven TSP Talk AutoTracker members pulled modest gains out of a sour week, and they all made

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The first week of April was not kind to stockholders. The TSP stock funds pulled back sharply in the first two days of the week, modest gains on Wednesday brought some relief, but a late day sell-off on Thursday erased those gains and more.

The C-fund was down 2% through the week by the end of Thursday and the S-fund was down nearly 3% for the week. But a strong jobs report on Friday gave life back to the bulls. The C-fund gained more than 1% on Friday bringing its weekly

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The personal-consumption expenditures price index (PCE) results went public during the market's day off on Friday. The PCE landed right in line with expectations with a yearly climb of 2.5%. The market typically likes predictability, but this inflation data did little to change the projections for a rate cut in June. In fact, the chances of a rate-cut in June are down from a week earlier.

The market celebrated the Fed’s message in the Federal Open Market Committee’s

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The Federal Open Market Committee (FOMC) did not cut rates this week, but the stock market reacted as though they did. Stocks rallied off the FOMC policy statement, their summary of economic projections, and Fed Chairman Jerome Powell’s subsequent press conference.
Their main message was that they are data dependent and prepared to keep rates higher for longer but still see three cuts by the end of 2024 as a possibility. The market seemed to only focus on that last part.

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The market favored the G-fund last week. All of the TSP funds outside of the G-fund were down by the end of the week. Tuesday was the only day for the bulls, especially if they held the C-fund. The C-fund gained 1.12% on Tuesday alone yet suffered a loss to some degree the other four days of the week. Anyone who held the C-fund and moved to the G-fund on Tuesday would have locked in a weekly gain of over 1%. Only one member among TSP Talk made that move this week: Booster.

Booster’s

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