S&P 500 achieved fifth consecutive weekly gain with new record high on Wednesday
Weak inflation report validated choosing equity funds over F fund for TSP allocation
Technical indicators show strong performance across all three equity funds (C/S/I)
The S&P 500 had its fifth straight week of gains and a record high Wednesday before closing at 2553. A weak CPI report on Friday didn\'t affect stocks, but validated our allocation choice of 0% in the bond fund (F) and 100% in equity funds (C/S/I). Speaking of equity funds, both the C and I funds posted record highs this week and from a technical perspective all three equity funds have outstanding performance rankings as well as a favorable moving average standing. Our recommendation is to stay put in our current allocation and continue to "let the trend be our friend".
The S&P 500 had its fifth straight week of gains and a record high Wednesday before closing at 2553. A weak CPI report on Friday didn\'t affect stocks, but validated our allocation choice of 0% in the bond fund (F) and 100% in equity funds (C/S/I). Speaking of equity funds, both the C and I funds posted record highs this week and from a technical perspective all three equity funds have outstanding performance rankings as well as a favorable moving average standing. Our recommendation is to stay put in our current allocation and continue to "let the trend be our friend".