TSP Market Summary: Week of October 03, 2015
Key Takeaways
- Third quarter ended negative but fourth quarter opened with strong market recovery
- C Fund (S&P 500) showing resilience after bouncing back from employment data selloff
- Bullish allocation shift possible if markets hold 1951 level or reach 2000 soon
This week saw the markets close the third quarter out at a loss, but then start the new quarter out on a high note. Friday’s action was an initial quick loss when the employment data came out, but then the market steadily came back throughout the day to finish higher with the S&P 500 closing at 1951. If the markets can hold this level or ramp up to the 2000 mark within the next two weeks, we’ll start increasing to a more bullish allocation.