A historic sell-off in Japan has rolled over into the U.S. stock market which was already weakened from its own pull-back.

The S&P 500 opened down more than 3% but is slowly climbing off those lows and is down 2.5% 30 minutes before the TSP trade deadline.

The small caps index DWPCF (S-fund) is still down more than 3%

Bonds were last week's winner while stocks sold off. Today the bond ETF BND opened higher but has slipped into negative territory since.

TSP Talk AutoTracker Members

The response by the TSP Talk AutoTracker has been a hard turn to the exit. Nineteen members have made IFTs for today and all but one include holding of the G or F-fund.

Fifteen of the nineteen are moves completely out of stocks. These members see this correction going deeper still.

Only one member, silver 2828, has moved from the G-fund to all-in on the stocks (100% C-fund). They made this move on Saturday.

Average Allocation of the Top 300 AutoTracker Members:

(includes premium members)

G: 10.9%, F: 2.0%, C: 59.1%, S: 21.3.2%, I: 2.9%

Look back to yesterday's report to compare

The S-fund and its investors are dropping out of TSP Talk's top 300. The G-fund still holds half of the top 300 allocations as the S-fund fund, but it has more than doubled since July 22nd, and today it will climb higher.

Top Investors

The 2024 TSP Talk AutoTracker has new leadership. The fallout of the stock market has lifted Booster - 100% G-fund, kjb120169 - 100% G-fund, and joblin20 - 100% F-fund to the top for the year. They will not be going anywhere today.

Joblin20 is capable of climbing higher today if the F-fund gives them a modest return.

Fund Morning Performance

30 minutes before the TSP trade deadline:

The S&P 500 (C-fund) is down 2.5%

The DWCPF (S-fund) is down 3.0%

The ETF EFA (I-fund) is down 2.3%.

The bond ETF BND (F-fund) is down 0.1%

Click Here For Real Time Quotes of the C, S, I, and F-fund Tracking Indices.

Last Look Report members have exclusive access to a Last Look Report Thread on TSPTalk.com. If you are not signed up for the forum yet, you can do so here.

If you do not receive this email at or around 11:30 ET, it is posted every day on the Premium Service page before 11:40 ET.

Forum Posts

tsptalk's Market Talk - In these types of markets there are two different approaches for both those in cash and those who own stocks...

JTH's Account Talk - This morning the S&P 500 gaped down at the open -3.66% tied as the 3rd worst from 1961. We never know how these things will work out, historically, here's what's happened before. 

coolhand's Account Talk - Even smart money may not know when "it" might happen (sometimes they do, but not this time). I would not assume that NAAIM is going to remain bullish. Markets that act like this one currently cannot be trusted.

TSP Share Prices

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This newsletter was written by Thomas A Crowley (tommyiv). You can email me at tommy@tsptalk for any feedback or questions.

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