TSP Market Summary: Week of November 08, 2015
Key Takeaways
- S&P 500 briefly crossed 2100 resistance level but failed to hold gains above this key threshold
- Positive unemployment data failed to sustain market momentum, suggesting cautious investor sentiment
- Market uncertainty around resistance levels supports balanced equity allocation strategy
On Tuesday the S&P 500 crossed that 2100 resistance level I talked about last week and closed at 2109. We then had a positive unemployment report on Friday morning, but the markets shrugged it off and closed just shy of that resistance level, again. As such, we’ll continue to maintain that 60% allocation in the C, S and I equity funds.