TSP Market Summary: Week of March 19, 2016
Key Takeaways
- S&P 500 achieved fifth consecutive weekly gain, signaling sustained market recovery momentum
- TSP C Fund turned positive for the year, providing relief for equity-focused allocations
- Next resistance at 52-week highs suggests potential consolidation before further gains
The S&P 500 extended its gains for a fifth week, coming off those 11 February lows. What was particularly encouraging was that on Friday the S&P 500 crossed into positive territory for the year. While we may see some consolidation in the near term, the next key resistance level for the S&P 500 is 2130, its 52 week high. For now, allocations remain the same.