TSP Market Summary: Week of November 04, 2017
Key Takeaways
- S&P 500 achieved eighth consecutive week of record closes, reaching 2587 on Friday
- Both C Fund (S&P 500) and I Fund (international) hit record highs this week
- Tax reform bill release and new Fed chair nomination supporting continued equity strength
For the eighth straight week the S&P 500 has posted a record close with this week's high on Friday at 2587. With the release of the House tax reform bill, the nomination of the new Fed chair, and a good earnings season, our allocation of 100% invested in equity funds continues to hold strong. Both the C and I funds hit record highs this week and without any big economic news coming, we will stay with our current allocation.