Thanksgiving positive seasonality came through again this year. Stocks were up with small caps outperforming large caps. Most of the gains came early on Tuesday followed by a pause in movement leading up to Thanksgiving Day. Stocks pressed higher Friday to give the S&P 500 its 55th closing record of the year.
As far as seasonality goes, it’s common for the market to slow down or pull back in late November through mid-December before things pick up again the last couple weeks of the year.
All the TSP funds produced gains for the week. The I-fund outperformed the TSP fund for the week with a gain of 1.88%. The S-fund was the runner up with a gain of 1.52%.
Here are the weekly, monthly, and annual TSP fund returns for the week ending November 24th:
The SPY (S&P 500 / C-fund) reached its 55th record close for the year on Friday. The index seemed to be limited to gains permitted by rising resistance formed from some lows of August and September. That leaves the index around the middle of the rising trading channel of the last couple months. The C-fund was up 0.93% for the week.
The Dow Completion Index (S-fund) gapped up Tuesday opening just above some resistance and carrying higher from there. The index tacked on a few more gains to end the week giving the S-fund a gain of 1.52%.
The EAFE Index (I-fund) filled an open gap intraday early in the week. From there it gapped up three openings in a row. That left three open gaps while the index was met and stopped with long-term rising resistance. The I-fund outperformed the TSP funds for the week with a gain of 1.88%.
AGG (Bonds / F-fund) moved up from its 50-day EMA this week. AGG was not affected by the dropping trend line early on. However, after finding resistance from the highs of the past couple months, the index may have found support from the dropping trend line to keep most of the week’s gains. The F-fund was up 0.19% 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.
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.