TSP Market Summary: Week of October 07, 2017
Key Takeaways
- S&P 500 ended 8-day winning streak on Friday but remains near record levels
- TSP equity allocation unchanged despite weak jobs report showing market resilience
- Upcoming CPI/PPI reports may signal Fed rate decisions; TSP closed Monday for Columbus Day
On Friday the S&P 500 took a breather after six straight record closings and an eight day win streak. A weak jobs report weighed on stocks Friday, but not enough to make a change with our TSP equity allocation which is fully invested at 100%. Next week\'s CPI and PPI reports could be a good indication of what the Fed does in December in regards to interest rates so the markets may react. Remember, due to Columbus Day the TSP is closed on Monday.