Recap of the Week
Stocks moved up slightly last week. Speculation about next week’s Federal Reserve meeting was the main driver. The odds of a September interest rate hike fell to 15% in the futures market. Traders believe poor economic data will keep the Fed from raising rates. Most stock indices rose slightly, with the exception of the Nasdaq. It moved up over 2%.
Economic Data
Initial jobless claims and Philadelphia Fed business outlook came in better-than-expected. Most data releases were negative, however. Retail sales, industrial production, consumer sentiment and the Empire State manufacturing study were worse-than-expected.
TSP Funds
The C Fund led the way with a 0.60% return. The S Fund gained 0.23%. The F Fund fell by 0.11%. The I Fund had the only significant loss. It declined by 1.64%.
Strategy Allocations
| Standard | 50 Day | BTD | LR |
|---|---|---|---|
| 50% G & 50% C | 100% G | 100% C | 75% G & 25% C |
BTD = Buy the Dip
LR = Low Risk
New Trades: None.
See description of strategies here
TSP Fund Performance (9/16/16 YTD)
| G Fund | F Fund | C Fund | S Fund | I Fund |
|---|---|---|---|---|
| 1.26% | 5.37% | 6.38% | 7.68% | 0.32% |
Strategy Performance (9/16/16 YTD)
| Standard | 50 Day | BTD | LR |
|---|---|---|---|
| -2.11% | 8.87% | 3.94% | 0.52% |
Charts
1. Daily S&P 500 (C Fund Proxy)
2. Daily EFA (I Fund Proxy)
3. Daily Wilshire 4500 (S Fund Proxy)
4. Daily AGG (F Fund Proxy)
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Weekly Wrap Up
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