TSP Market Summary: 2022
61 weekly market commentaries from 2022.
December 2022
Week of December 28, 2022
Market volatility prompts defensive TSP strategy as Apple hits 52-week low and Tesla faces historic declines in late December 2022.
- • Apple reached new 52-week low while Tesla tracks toward worst performance on record
Week of December 24, 2022
S&P 500 fell for third straight week to 3844. Santa Claus Rally period begins Friday. Tax loss selling may pressure stocks next week.
- • S&P 500 dropped third consecutive week despite brief Wednesday rally on consumer confidence data
Week of December 17, 2022
Markets fell for second week despite lower CPI as Fed raised rates to 15-year high. TSP I and F funds leading performance rankings.
- • Fed raised rates to 4.25-4.5%, highest in 15 years, causing sharp market decline mid-week
Week of December 10, 2022
Markets gave back recent gains amid inflation concerns. Big week ahead with CPI report Tuesday and Fed decision Wednesday.
- • S&P 500 erased two weeks of gains on hot inflation data, closing near recent lows at 3934
Week of December 03, 2022
Markets rallied after Fed Chair Powell hinted at slower rate hikes. S&P 500 hit 4071 with back-to-back weekly gains. All TSP equity funds reached new highs.
- • Fed Chair Powell's comments on slower rate hikes sparked a strong market rally mid-week
November 2022
Week of November 26, 2022
S&P 500 rebounded to 4026 as bond yields fell from October highs. Fed signals slower rate hikes ahead of December meeting.
- • S&P 500 surged above 4,000 as 10-year Treasury yields dropped from 4.33% to 3.69%
Week of November 19, 2022
Markets stayed flat amid FTX fallout and Fed rate concerns. I Fund broke above key technical level while mortgage rates dropped significantly.
- • S&P 500 remained stable despite FTX collapse and Fed hints at 5-7% interest rates
Week of November 12, 2022
S&P 500 had best week since June 2022 after strong CPI report, while FTX crypto collapsed. TSP equity funds followed market gains upward.
- • October inflation data at 7.7% sparked massive Thursday rally, S&P 500's best day since April 2020
Week of November 05, 2022
Markets ended volatile week down despite strong Friday gains. Fed raised rates 0.75% with no pause in sight. Mixed jobs data added uncertainty.
- • Fed raised rates 0.75% for fourth consecutive time, signaling more hikes ahead despite volatility
October 2022
Week of October 29, 2022
Markets posted second straight winning week as industrial stocks outperformed struggling tech giants. C and S funds crossed above key technical levels.
- • Industrial/value stocks hit new highs while mega-cap tech disappointed on earnings
Week of October 22, 2022
S&P 500 gained 1%+ Friday, breaking 5-week losing streak. IBM earnings beat boosts outlook for big tech reporting next week. TSP equity funds rose.
- • S&P 500 broke five-week Friday losing streak with strong 1%+ gains on three days this week
Week of October 14, 2022
Wild week saw S&P 500 hit new 2022 lows amid higher-than-expected inflation data, with historic volatility swings affecting C Fund returns.
- • S&P 500 closed at new 2022 low (3577) after hot inflation data, impacting C Fund performance
Week of October 10, 2022
S&P 500 saw high volatility with four 1%+ daily moves. Strong jobs data may prompt Fed rate hikes, pressuring stocks toward 2022 lows.
- • High market volatility continued with S&P 500 experiencing four daily moves over 1%
Week of October 01, 2022
S&P 500 hit new lows amid extreme volatility. September was worst month since March 2020. TSP TIPS maintains current allocation strategy.
- • S&P 500 experienced four 1%+ daily moves this week, hitting new 52-week lows
September 2022
Week of September 24, 2022
S&P 500 hits 2022 low at 3,693, breaking historic pattern. Analysis compares to housing crisis and dot-com crashes for TSP context.
- • S&P 500 made history by returning to lows after crossing 50% retracement - first time since 1950
Week of September 18, 2022
S&P 500 fell to 3873 after hot CPI data triggered worst day since 2020. Fed meeting ahead as markets sit oversold with potential for bounce.
- • August CPI at 8.3% sparked market's worst day since June 2020, hitting C and S funds hard
Week of September 10, 2022
S&P 500 rebounded after three down weeks despite rising bond yields. C and S funds crossed above 50-day averages, signaling potential upward momentum.
- • Markets recovered strongly with 2 days of 1%+ gains despite rising Treasury yields to multi-year highs
Week of September 03, 2022
S&P 500 declined for third week amid high volatility. August jobs report met expectations, keeping Fed rate hike concerns in focus for TSP investors.
- • S&P 500 fell to 3924 with consistent daily swings over 1% showing continued market volatility
August 2022
Week of August 27, 2022
Fed Chair Powell's hawkish Jackson Hole speech triggered market volatility, with S&P 500 falling below key support. C and S fund ratings turned negative.
- • Powell's warning of economic 'pain' from rate hikes caused 2%+ losses Monday and Friday
Week of August 19, 2022
S&P 500 declined after 4-week rally amid rising rates. C and S funds maintain strong rankings. No TSP allocation changes recommended this week.
- • S&P 500 pulled back from overbought levels but held key support at 4079
Week of August 13, 2022
S&P 500 gains for 4th week as inflation drops to 8.5%. Market breaks key technical levels. All TSP equity funds now positive.
- • Inflation cooled to 8.5% in July, down from 9.1% peak, sparking strong market rally
Week of August 06, 2022
Strong jobs report may push Fed to raise rates more aggressively. S&P 500 shows positive technical signs. No TSP reallocations recommended.
- • Jobs report crushed estimates with 528K new jobs, potentially forcing more aggressive Fed action
July 2022
Week of July 31, 2022
S&P 500 gained 4% weekly and 9% monthly despite GDP contraction. Fed raised rates 0.75% but markets rallied on strong earnings from tech giants.
- • S&P 500 had best month of 2022 with 9% July gain, potentially reversing downward trend
Week of July 28, 2022
Markets rallied despite Fed rate hike and GDP decline. C and S funds hit 7-week highs with strong technical momentum supporting TSP reallocation.
- • S&P 500 gained 2.57% after Fed's 0.75% rate hike, showing market resilience to bad news
Week of July 23, 2022
S&P 500 gained 2.6% on strong earnings, but Fed meeting and Apple earnings this week could drive volatility for TSP C Fund investors.
- • Strong earnings drove S&P 500 up 2.6%, with 70% of reporting companies beating expectations
Week of July 20, 2022
S&P 500 broke above June highs and 50-day moving average, triggering buy signals for C and S funds. TSP reallocation recommended.
- • S&P 500 crossed above June 28th high of 3945, hitting 3974 and triggering a buy signal
Week of July 17, 2022
S&P 500 fell despite Friday rally amid record 9.1% inflation and euro parity concerns. TSP C Fund faces continued volatility in 3636-3946 range.
- • June inflation hit 9.1%, highest since 1981, pressuring stocks and TSP C Fund performance
Week of July 09, 2022
S&P 500 builds base around 3900 as markets expect 75bp Fed rate hike. Strong jobs data supports inflation fight ahead of key economic data releases.
- • Fed likely to raise rates 75 basis points at July meeting based on released minutes
Week of July 02, 2022
S&P 500 had worst first half since 1970, falling into bear market. All TSP equity funds showing bearish signals with no allocation changes recommended.
- • S&P 500 dropped over 1,000 points in first half of 2022, worst decline since 1970
June 2022
Week of June 25, 2022
S&P 500 rallied after worst week since 2020, but technical indicators remain weak. Fed committed to fighting inflation as consumer sentiment hits record low.
- • Market staged bear rally but remains technically weak below key moving averages
Week of June 18, 2022
S&P 500 enters bear market after Fed's largest rate hike since 1994. TSP recommends increasing cash allocation amid broad market selloff.
- • Fed raised rates 0.75% to fight inflation, pushing S&P 500 into bear market territory
Week of June 13, 2022
S&P 500 gapped down Monday, breaking key support levels as soft landing hopes fade. TSP reallocation recommended amid inflationary pressures.
- • S&P 500 broke below critical 3875 and 3810 support levels within first 15 minutes Monday
Week of June 11, 2022
Markets fell sharply on 8.6% inflation hitting 41-year high. S&P 500 down 10 of last 11 weeks. Fed decision Wednesday could drive further volatility.
- • Inflation hit 8.6% year-over-year in May, the highest level since 1981, driving major sell-off
Week of June 04, 2022
S&P 500 rose to 4108 on strong May jobs data (390K vs 328K expected), pushing 10-year Treasury yields above 2.9%. TSP TIPS alert issued Thursday.
- • Strong jobs report (390K vs 328K expected) drove stocks higher but pushed bond yields up
Week of June 02, 2022
S&P 500/C Fund shows bullish momentum with Two Bar Reversal pattern. TSP system issues may delay reallocation execution until weekend.
- • C Fund (S&P 500) displays bullish reversal pattern starting Friday, signaling potential uptrend
May 2022
Week of May 30, 2022
S&P 500 ended 7-week losing streak with technical bounce. Inflation cooled slightly but consumer sentiment hit decade low. TSP downtime continues.
- • S&P 500 broke 7-week losing streak, likely due to oversold conditions rather than fundamentals
Week of May 21, 2022
Markets saw extreme volatility with S&P 500's 7th losing week amid recession fears. TSP trading suspended May 26-June. No allocation changes recommended.
- • S&P 500 hit new 2022 lows, down 20.9% from January peak in official bear market territory
Week of May 14, 2022
S&P 500 dropped 100 points amid high inflation and rate hike fears. C, S, and I funds hit 52-week lows. TSP TIPS recommends no changes.
- • Market volatility driven by 8.3% inflation rate and falling consumer confidence
Week of May 07, 2022
S&P 500 ended flat after wild swings following Fed rate hike announcement. TSP F and S funds hit new 52-week lows with no allocation changes recommended.
- • Fed raised rates 0.5% causing massive market volatility with S&P 500's best day since 2020
April 2022
Week of April 30, 2022
S&P 500 hit 2022 lows amid Fed tightening and weak Big Tech earnings. GDP contracted 1.4% in Q1. TSP C and S funds at new yearly lows.
- • S&P 500 suffered worst April since 1970, now down 14% from January highs in correction territory
Week of April 23, 2022
S&P 500 dropped to 4271 amid inflation fears and rate hike concerns, showing high volatility with 3 days of 1%+ moves. TSP C fund allocation reduction recommended.
- • Markets showed extreme volatility with S&P 500 crossing key technical levels multiple times
Week of April 15, 2022
Markets declined on inflation hitting 40-year highs. S&P 500 broke key support levels while Treasury yields rose to multiyear highs.
- • Inflation reached 8.5% annually, the highest since 1981, pressuring markets downward
Week of April 11, 2022
S&P 500 broke below key support at 4424, closing at 4412. This technical breakdown triggered a defensive reallocation recommendation for TSP investors.
- • S&P 500 fell below critical support level of 4424, ending three-week trading range
Week of April 09, 2022
S&P 500 consolidated around 4500 amid Fed hawkish signals and strong jobs data. TSP Mutual Fund Window details revealed with high fees vs alternatives.
- • Fed minutes showed aggressive rate hike plans, pushing 10-year Treasury yields to 3-year highs
Week of April 02, 2022
S&P 500 ended flat despite volatility. Strong jobs data and GDP growth, but high inflation persists. C Fund maintains top TSP performance ranking.
- • Market volatility continued with 32 days of 1%+ moves in Q1, matching pandemic-era swings
March 2022
Week of March 26, 2022
Markets rally as S&P 500 hits best level since February. Fed signals aggressive rate hikes ahead while jobless claims hit 53-year low.
- • S&P 500 reached 4543, highest since February 9th, despite ongoing Ukraine conflict
Week of March 19, 2022
Markets rallied strongly despite Fed rate hike and Ukraine war, with S&P 500 posting best week since Nov 2020. C Fund mirrors positive momentum.
- • S&P 500 had its best week since November 2020 despite Fed raising interest rates
Week of March 12, 2022
Markets faced extreme volatility amid Ukraine war and 40-year high inflation of 7.9%. S, I, and F funds hit new 52-week lows with Fed rate decision ahead.
- • Inflation hit 7.9% in February, a 40-year high, pressuring all TSP fund performance
Week of March 05, 2022
Ukraine conflict drove market volatility with S&P 500 down to 4328. Oil hit $115/barrel, gas at $3.83. Strong jobs report but all TSP funds negative.
- • Ukraine conflict caused major market swings with oil hitting highest levels since 2008
February 2022
Week of February 26, 2022
Ukraine invasion caused extreme market swings despite algorithmic buying rallies. All TSP stock and bond funds show negative rankings.
- • Markets saw wild daily swings over 1% all four trading days due to Ukraine conflict
Week of February 22, 2022
S&P 500 dropped below key support levels, triggering a mid-week TSP reallocation recommendation as markets entered correction territory.
- • S&P 500 closed at 4304, breaking below critical 4326 support level from January 27
Week of February 19, 2022
S&P 500 fell over 1% for second straight week amid Russia-Ukraine tensions and inflation concerns, with all TSP funds showing negative rankings.
- • Markets declined on geopolitical tensions and 9.7% producer price inflation hitting near records
Week of February 12, 2022
Markets fell amid 7.5% inflation, rising oil prices, and geopolitical tensions. TSP F fund hit 52-week lows as interest rates climbed above 2%.
- • Inflation hit 7.5% yearly, highest since 1982, driving 10-year Treasury yields above 2%
Week of February 06, 2022
January saw worst S&P 500 decline since 2009. Mixed earnings from Meta and Amazon drove volatility. All TSP equity funds remain weak with F ratings.
- • January posted worst S&P 500 decline since 2009, down 5.3% amid rising interest rates
January 2022
Week of January 29, 2022
S&P 500 ended 3-week losing streak despite volatility as Fed signals March rate hike. TSP equity funds remain technically weak.
- • Markets posted first positive week in a month but remain below key technical levels
Week of January 22, 2022
S&P 500 fell to October 2021 levels as tech stocks sold off due to rising rates. All TSP equity funds now show negative performance rankings.
- • Tech sell-off pushed NASDAQ into correction territory, worst year start since 2008
Week of January 20, 2022
S&P 500 dropped 120 points intraday, breaking December support levels. Markets showing technical weakness with correction deepening for TSP participants.
- • S&P 500 fell below December support at 4495, signaling potential further weakness for C Fund
Week of January 15, 2022
S&P 500 dropped 2nd week amid 7% inflation surge and Fed rate hike warnings, but found support at 4600. I fund outperformed C fund for TSP investors.
- • Inflation hit 7% in 2021, highest since 1982, triggering Fed concerns about more rate hikes
Week of January 08, 2022
First week of 2022 saw markets hit records then decline on Fed rate hike signals. TSP C fund reached new high but fell back; I fund outperformed.
- • Markets peaked early week then fell on Fed signals of March rate hikes and balance sheet cuts
Week of January 01, 2022
2021 delivered strong market gains despite inflation concerns. Mid-term election year 2022 may bring increased volatility based on historical patterns.
- • S&P 500 hit 70 record highs in 2021 with minimal corrections, benefiting C Fund investors
Week of December 31, 2022
Markets ended 2022 with light volume but high volatility. Housing data drove swings while Santa Claus rally and 2023 indicators offer hope for TSP investors.