295,000 new jobs created but markets fell 295 points, showing complex economic reactions
Current TSP allocation maintained due to overall positive market trend despite volatility
Apple replacing AT&T in Dow 30 signals ongoing market composition changes to monitor
In economic news this past Friday, the payroll report showed 295,000 new jobs. At first blush, you would think the markets would respond positively to this news, but the Dow lost nearly 295 points. It was also announced that Apple will be replacing AT&T in the Dow 30. Given all this banter, the trend is still positive so we'll keep the current allocation and see what happens this week.
In economic news this past Friday, the payroll report showed 295,000 new jobs. At first blush, you would think the markets would respond positively to this news, but the Dow lost nearly 295 points. It was also announced that Apple will be replacing AT&T in the Dow 30. Given all this banter, the trend is still positive so we'll keep the current allocation and see what happens this week.