S&P 500 and TSP equity funds (C/S/I) all reached new record highs on Wednesday
Markets showed healthy consolidation pattern with minimal volatility throughout the week
Strong upward trend continues to support equity fund positioning over bonds
To sum things up, I’d call this a nice “consolidation week” for the markets. On Monday through Wednesday, the S&P 500 creeped forward while making new records, but then fell back slightly to finish the week at 2502, or 2 points higher than last Friday. Similar to the S&P 500, all three TSP equity funds (C/S/I) posted new highs also on Wednesday. Since the “trend is our friend”, we recommend staying 100 percent invested in those three equity funds.
To sum things up, I’d call this a nice “consolidation week” for the markets. On Monday through Wednesday, the S&P 500 creeped forward while making new records, but then fell back slightly to finish the week at 2502, or 2 points higher than last Friday. Similar to the S&P 500, all three TSP equity funds (C/S/I) posted new highs also on Wednesday. Since the “trend is our friend”, we recommend staying 100 percent invested in those three equity funds.