TSP Market Summary: Week of October 28, 2017
Key Takeaways
- S&P 500 reached new record closing of 2581 despite midweek pause in gains
- Strong 3% Q3 GDP growth increases likelihood of December Federal Reserve rate hike
- U.S. market strength suggests favoring C and S funds over international I fund
Recommended Allocation (Moderate Profile)
This is our historical recommendation from this date. For current recommendations, subscribe.
| G Fund | F Fund | C Fund | S Fund | I Fund |
|---|---|---|---|---|
| 0% | 0% | 40% | 35% | 25% |
The S&P 500 looked like it was taking a breather the first half of the week only to rally for another record closing at 2581 on Friday. The GDP report showed 3% economic growth during the third quarter, which could give the Fed reason to raise the rates in December, and the White House announced that the Fed chair decision would be made next week. That said, our Performance Rankings show greater strength in the U.S. so we recommend shifting to a greater allocation there while remaining 100 percent invested.