TSP Market Summary: Week of August 09, 2015
Key Takeaways
- Dow suffered worst 7-day losing streak since summer 2011, signaling broad market weakness
- TSP allocations remain unchanged despite market turbulence, suggesting patience approach
- Fall budget battles loom as Congress begins 5-week recess, potential market catalyst ahead
Another tough week for the US markets as the S&P 500 stands about 1 percent shy of the 2100 level. Of particular note was that the Dow closed Friday lower for 7 straight down days, the worst losing streak since the summer of 2011. It was also the week Congress left on their 5 week summer recess, so we’ll have those “budget battle” debates again this fall. Given the current state of the markets, allocations remain the same.