TSP Market Summary: Week of January 18, 2015
Key Takeaways
- S&P 500 ended week positive despite continued market volatility affecting C Fund performance
- Current TSP allocation strategy maintained as market conditions don't warrant changes yet
- Negative interest rates in Switzerland highlight global economic uncertainty affecting I Fund
The volatility continued in the U.S. markets, but it was sure nice to see the S&P 500 end the week on an up note. On the global front, the Swiss Central Bank allowed their currency to float against the euro and decreased their interest rate to -0.75%. That's called paying the bank to hold your money. With regard to TSP allocations, we'll go ahead and maintain the current recommendation.