S&P 500 had first 1% decline since October, ending week down at 2343 due to healthcare bill
I fund now leads performance rankings while S fund dropped below its 50-day moving average
Market bounced back after healthcare bill was pulled, showing sensitivity to policy changes
For the markets, this week was all about the Health Care bill. On Tuesday, the S&P 500 recorded its first 1 percent decline since October 11th. Then on Friday, the markets sold off mid-day in anticipation of the vote, only to bounce back after the bill was pulled. That said, the S&P 500 closed down for the week at 2343. As such, we’re recommending an increase in the I fund allocation with a corresponding decrease in the S and C funds. The major reason for this is that the I fund now sits atop the performance ranking scale, while the S fund price has decreased below its 50 day moving average.
Recommended Allocation (Moderate Profile)
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For the markets, this week was all about the Health Care bill. On Tuesday, the S&P 500 recorded its first 1 percent decline since October 11th. Then on Friday, the markets sold off mid-day in anticipation of the vote, only to bounce back after the bill was pulled. That said, the S&P 500 closed down for the week at 2343. As such, we’re recommending an increase in the I fund allocation with a corresponding decrease in the S and C funds. The major reason for this is that the I fund now sits atop the performance ranking scale, while the S fund price has decreased below its 50 day moving average.