After hesitation by investors to put their money to work earlier this week, all TSP stock funds saw more than a 1% for the week following the dovish policy statement put out by the Feds mid-day Wednesday. Naturally this ignited a rally that followed into Thursday where the bulk of the gains were produced. The recent action has put the S&P 500 back into positive territory for the year after a very poor start (partially and very probably mostly due to the rate hikes issued by the Fed) that lasted up to mid-February before things turned around.
The F-fund also saw a 0.78% gain for the week following the policy statement.
Here are the weekly, monthly, and annual TSP fund returns for the week ending March 18th:
The SPY (S&P 500 / C-fund) filled the open gap left from the beginning of the new year and continued to increase above it Thursday and Friday. Momentum has carried this fund into positive territory for the year but a wedge trading channel may determine its true colors as the resistance and support line meet. The C-fund was up 1.37% this week.
Unlike the S&P 500, the Dow Completion Index (S-fund) is still nearly 2% away from breaking even for the year. It too is in a wedge trading channel but it also has its 200-day EMA above to be tested as resistance. The S-fund was up 1.32% this week.
EFA (EAFE Index / I-fund) has an open gap from the beginning of the year just above the current price but has possible resistance from its 200-day EMA within the trading channel to make things interesting. The I-fund was up 1.01% this week and is now lagging the TSP funds for the year with a 2.03% loss.
AGG (Bonds / F-fund) uncharacteristically resembled stocks this week as it too rallied off the Fed policy statement. The index hit resistance from its high of the year Friday preventing any further upside. The F-fund was up 0.78% for the week and still leads the TSP funds with a 2.52% gain on the year.
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.
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.