The non-sp500 companies held in the TSP S fund includes a 16% weighting of financials. And these would be the smaller banks most affected by this little panic.
TSP & Vanguard Smart Investor Posts
No, your pensions are not being “Raided”
Once again we are at that time of year when the US govt points a gun to its own head and says “cut the spending we just agreed to or we will shoot”.
TSP Smart: A Soft Landing
$65 trillion is the value of hidden dollar debt unrecorded on the balance sheets of non-US banks and shadow banks as of June this year, also according to the BIS
TSP Smart: The Market is Risk Deaf
While a Federal Reserve Chairman communicating in a balanced way seems appropriate, the problem lies in the fact the financial markets today are not balanced. The Market only hears what it wants to hear and that is that the Fed is about to save it once again.
TSP Smart: History is Trying to Repeat
Let’s hope no one assumes that the $250,000 FDIC deposit insurance will pay one penny toward crypto losses of depositors.
Doug Noland: Derivatives, Squeezes and Fiascos Aplenty
Reminder: Bull markets never have 4% up days, only Bear markets do. And this one was due to CPI beating expectations due to a massive revision in Healthcare inflation dumped into October numbers.
TSP Quicklook: November 2022
In the quarter just ended the SP500 Earnings Per Share was down over 5% after taking out the energy sector’s record profits.
TSP Smart: Is Your Life Portfolio Ready for War
The war has already begun. China is still in the Shaping phase in the physical sphere, but their economic power and our economic vulnerabilities have been advancing steadily for decades. Is your life and investment portfolio ready.
Doug Noland: Dissecting Chairman Xi
Most think “lunatic fringe.” Yet, there is nothing as fundamental, vital, as urgent as Sound Money. Stable money and Credit that we can trust; that doesn’t inherently cause trouble; that doesn’t unleash the Scourge of Inflation.
Part III: The Unfolding
In particular, I fear concurrent crises of confidence in policymaking and market structure. De-risking/deleveraging will feed illiquidity and market dislocation. Global derivatives markets will be severely tested.