TSP Market Summary: Week of July 23, 2016
Key Takeaways
- S&P 500 reached another record high, showing strong continued upward momentum
- Equity funds (C/S/I) recommended for increased allocation following 'trend is your friend' strategy
- Market optimism tied to convention period with expectations for further gains ahead
Recommended Allocation (Moderate Profile)
This is our historical recommendation from this date. For current recommendations, subscribe.
| G Fund | F Fund | C Fund | S Fund | I Fund |
|---|---|---|---|---|
| 0% | 10% | 40% | 40% | 10% |
The S&P 500 closed Friday at 2175, at another new high. As it continues to march upward, it reminds me of the saying “Let the trend be your friend”, and we’ll do just that. As such, we’re recommending increasing the equity allocation (C/S/I) by putting 5 percent more into the S fund and an initial 10 percent into the I fund. For this week, hopefully we see more “Convention” gains.