Stocks had their third consecutive week of loss after a rising dollar hurts earnings for U.S.-based multinational companies whose products become more expensive overseas. The rising dollar also brought oil down to $44.84, another key factor affecting strength in stocks.
Here are the weekly, monthly, and annual TSP fund returns for the week ending March 13th:
The SPY (S&P 500 / C-fund) was the most affected by the dollar and was down 2.33% for the week. After Friday’s reversal to the downside, this weeks action looks a lot like previous lows that we saw in January and mid-December so we may see this volatile action continue.
The Wilshire 4500 (S-fund) was less affected by the dollar as smaller companies are more U.S. focused so currency fluctuations are less of an issue. After a support bounce off of the 50-day EMA, the S-fund ended the week with a small gain of 0.51%.
The EFA (EAFE Index / I fund) had the greatest loss of the TSP funds once again ending down 1.73%. A leftover gap still lingers above that couldn’t quite be filled Thursday. The I-fund’s 50-day EMA is still working on breaking through the 200-day EMA.
AGG (Bonds / F-fund) posted a modest gain of 0.53% this week after it rebounded the oversold H&S formation from last week. AGG managed to break through its old support line Wednesday and again broke through a key resistance line Thursday, however it fell back bellow the support line Friday.
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 http://www.tsptalk.com/comments.php. If you need more help deciding what to do with your account, perhaps one of our premium services can help.
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The legal stuff: This information is for educational purposes only! This is not advice or are commendation. 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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