TSP Market Summary: Week of April 08, 2017
Key Takeaways
- S&P 500 gave back intraday gains Wednesday, showing increased market volatility patterns
- Five weeks of topping action since March highs signals time to reduce equity exposure
- Syrian missile strikes and weak employment data had muted market impact surprisingly
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 |
|---|---|---|---|---|
| 10% | 0% | 40% | 40% | 10% |
This week was an unusual one for the markets. On Wednesday I watched the S&P 500 have a nice run up until mid day, then selling off to lose all those gains and more. On Friday the markets woke up to the Syrian cruise missile attack and a weak employment report. I would have expected more of a market reaction, but the indices stayed flat with the S&P 500 closing the week down slightly at 2355. As mentioned last week, the S&P 500 had its highest close for the year on March 1. Given the fact this “topping action” was five weeks ago, we’re recommending a slight decrease of 10 percent in the equity funds (C/S/I) and rotating that into the “G” Cash fund.