TSP Market Summary: Week of January 31, 2016
Key Takeaways
- S&P 500 lost over 5% in January despite strong finish, dragging down C/S/I fund performance
- F fund showed positive performance while all equity-based TSP funds posted negative returns
- Allocation changes on hold until S&P 500 breaks above 2007 levels for bullish confirmation
While January finished up on a high note with Friday’s rally, the S&P 500 closed out January with just over a 5 percent loss. Overall, the performance ranking for the F fund is positive while the equity funds (C/S/I) all carry a negative reading. For us to turn more bullish would require the S&P 500 to cross above the 2007 level. For now, we recommend remaining with the same allocation that we have had since the beginning of January.