Global Stock Market Performance: TSCPX mirrors the MSCI ACWI ex USA Index, so global stock market movements significantly impact its price.

Currency Fluctuations: As it invests in non-US stocks, currency exchange rates between the US dollar and other currencies affect returns. A weaker dollar boosts returns, and a stronger dollar diminishes them.

Economic Growth in Developed & Emerging Markets: Economic growth rates in countries within the index directly influence the profitability of companies held in TSCPX, affecting its price.

Interest Rate Changes: Changes in interest rates set by central banks outside the US can influence investor sentiment and company valuations.

Geopolitical Events: Major political or social events, like elections, conflicts, or policy changes can create uncertainty and market volatility.

Company-Specific News: News and performance of individual companies in the index affect the overall value of TSCPX.

Investor Sentiment: Broad investor confidence or fear regarding international markets can drive buying or selling pressure.