Today the SP500 (TSP C fund) is below its August 2018 high and the TSP S fund is 10% below its August 2018 high – distribution, distribution, distribution. Market tops take time. Secular market tops aided by central banks take longer.
TSP Charts
TSP Funds: Wake Up Time
Don’t be fooled by short-term pops in price due to plunging interest rates. We it comes to fixed income funds, past performance can no longer be achieved again. We are simply accelerating to the point of no returns in the US bond market.
TSP Charts: Quicklook August 3rd 2019
There is nothing like another “raising tariffs” tweet during a global industrial recession and busted interest rate expectations all in the same week to push the market off the top of its price channel. Let us hope speculators don’t start… Read More ›