TSP Market Summary: Week of January 24, 2016
Key Takeaways
- S&P 500 swung dramatically from 1880 to 1812 low, then recovered 5% to close at 1906
- C Fund remains down 6.7% for the year despite week's strong finish
- TSP allocations unchanged until market shows additional sustained strength
For a holiday shortened week, the market sure was volatile (again), but at least it finished on a high note. The S&P 500 started the week at 1880 and then promptly dropped to a low of 1812 by noon on Wednesday. It then turned around and moved about 5% off that low, closing the week at 1906. However, the S&P 500 is still down 6.7% for the year and until we see some additional strength, allocations remain the same.