The Dow was “WOW” this week as it hit an all-time high and posted its eighth straight record close on Friday. The S&P 500 was just shy of a new record as it closed the week at 2476.83, exactly one-point shy of the record from the previous Wednesday. For the upcoming week, I’d like to see the S&P 500 mirror the Dow and hit a new high, but we may see more of consolidation and base building since earnings season is basically over and economic news is light. With regard to the TSP, both the I and C funds also hit new highs last week, and our recommendation remains as staying 100% invested in the equity funds (C/S/I). If needed, allocation changes will be forthcoming on 12 and 26 August.
The Dow was “WOW” this week as it hit an all-time high and posted its eighth straight record close on Friday. The S&P 500 was just shy of a new record as it closed the week at 2476.83, exactly one-point shy of the record from the previous Wednesday. For the upcoming week, I’d like to see the S&P 500 mirror the Dow and hit a new high, but we may see more of consolidation and base building since earnings season is basically over and economic news is light. With regard to the TSP, both the I and C funds also hit new highs last week, and our recommendation remains as staying 100% invested in the equity funds (C/S/I). If needed, allocation changes will be forthcoming on 12 and 26 August.