Recap of the Week
Stocks spent most of last week in their recent trading range. They fell sharply on Friday, however. The main drivers were a North Korean nuclear test and remarks from Boston Fed President Eric Rosengren. Mr. Rosengren suggested that a gradual interest rate hike may be in order.
This sent stocks into a sharp selloff on Friday. All of the major stock indices fell between 2.2% and 2.6% on a weekly basis. Bonds fell as well, both in the U.S. and globally.
Economic Data
Durable goods and jobless claims came in better-than-expected. The ISM and PMI services indexes both fell from the prior month’s readings, however.
TSP Funds
The S Fund had the week’s biggest loss of 2.54%. The C Fund fell 2.36% while the I Fund dropped by 1.00%. The F Fund had a 0.39% loss.
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 (9/9/16 YTD)
| G Fund | F Fund | C Fund | S Fund | I Fund |
|---|---|---|---|---|
| 1.23% | 5.49% | 5.75% | 7.46% | 1.99% |
Strategy Performance (9/9/16 YTD)
| Standard | 50 Day | BTD | LR |
|---|---|---|---|
| -2.42% | 8.84% | 3.33% | 0.34% |
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)
Get The Full Picture
Weekly Wrap Up
From Briefing.com