S&P 500 and Dow hit record highs but week ended flat, showing market consolidation
All three TSP equity funds (C/S/I) showing bullish trends, stay fully invested
July jobs report next Friday could set August market tone, watch for volatility
The market had some record highs this week with the S&P 500 closing on Wednesday and the Dow closing on Friday. All told, it was more of a consolidation week as the S&P 500 finished the week at 2472, within one point of last Friday. Next week we have a lot of economic news, including Friday’s July employment report, which may set the tone for August. Due to the bullishness of the three TSP equity funds (C/S/I), we recommend remaining 100% invested with no allocation changes.
The market had some record highs this week with the S&P 500 closing on Wednesday and the Dow closing on Friday. All told, it was more of a consolidation week as the S&P 500 finished the week at 2472, within one point of last Friday. Next week we have a lot of economic news, including Friday’s July employment report, which may set the tone for August. Due to the bullishness of the three TSP equity funds (C/S/I), we recommend remaining 100% invested with no allocation changes.