Stock indices are having a decent morning, especially the DWPCF (S-fund). But some investors may be hesitant to trust the morning direction after yesterday's late weakness following the TSP trade deadline. Three top 20 members are confident enough to use their IFTs.
Read more about yesterday's mid-day hand back in:
TSP Talk Market Commentary
Fund Morning Performance
So far the morning has been a breeze for the small cap index DWCPF (S-fund). The index is up 1% and is just off its highs. Again, if yesterday's pattern continues today, we may be seeing an early high.
The S&P 500 (C-fund) lags small caps again. The index is up around 0.5%.
Forum member JTH points out weakness in the top S&P 500 companies to account for the discrepancy between large cap and small cap performance to start this week.
The ETF EFA (I-fund) lags the other two stock funds this morning. It is holding onto a gain of 0.4%.
Bonds are selling off. The bond ETF BND (F-fund) is down 0.3% with 30 minutes left until the trade deadline.
Click Here For Real Time Quotes of the C, S, I and F-fund Tracking Indices.
Market Catalysts
The market is shifting through economic data this morning. Investors have been worried a recession will accompany the high interest environment. So far today's economic reports have kept investors' fingers off the sell button.
TSP Talk AutoTracker Members
Nine TSP Talk AutoTracker members have made IFTs today. Money is flowing in and out of stocks funds, but the majority are buying increasing their stock exposure, especially the S-fund. Most of the stock fund buyers are top 20 members:
Top Performers IFTs
Pickles has been in the F-fund for most of June. Today they are moving into 100% S-fund. Pickles currently holds the 4th spot in the TSP Talk AutoTracker standings.
Similarly, Pokerstar629 has been in the G-fund for most of June. They are now jumping head first into the S-fund. Pokerstar629 is 5th in the TSP Talk AutoTracker standings.
Djlc86 was already fully invested in stocks, but was in the I-fund. Today they moved to 100% S-fund to join the other top performers. Djlc86 is ranked 11 in the TSP Talk AutoTracker standings.
Yesterday after the Last Look Report, Cash_Money moved 25% of their S-fund holdings into the G-fund. Cash_Money is ranked 21 in the TSP Talk AutoTracker standings.
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