TSP Market Summary: Week of July 30, 2016
Key Takeaways
- Markets consolidated around current levels, providing a stable base for potential future gains
- TSP allocations remain unchanged as market conditions support current positioning strategy
- S&P 500 approaching key psychological 2200 level, just 1% away from potential milestone
It was a nice week for the markets as the S&P 500 closed Friday at 2173, within two points of last Friday. This consolidation is beneficial as it provides a base and breather for the major indices, which hopefully will provide the next stair step up for another historic high. That said, we’re just 1 percent shy of hitting that psychological 2200 level. Given this environment, allocations remain the same.