TSP Market Summary: Week of August 25, 2014

By Roy Weisert, PhD, CFP

Key Takeaways

  • S&P 500 nearing historic 2000 level, less than 1% away from this psychological milestone
  • Market showing steady resilience despite low trading volume typical of holiday weekends
  • Expect volatility as markets test key resistance levels in coming sessions

This market reminds us of that story "The Little Engine That Could". It is proving resilient, but volume is light as we head into Labor Day weekend. We've come close to crossing that 2000 level on the S&P 500, so we're sure to test it once again as we are less than 1 percent from that milestone.