S&P 500 reached record high of 2651 after strong jobs report and third consecutive weekly gain
C fund hit record high while S and I funds trading within 1% of their all-time peaks
Fed meeting next week expected to raise rates, but market impact likely already priced in
The S&P 500 had a third straight week of gains and Friday’s better than expected jobs report allowed the S&P 500 to close at a record high of 2651. Next week we have the Fed Meeting and the anticipated interest rate hike, but it looks like it’s already been baked into the market. It will also be highlighted with Bitcoin news as the cyber currency gained 24 percent last week and will also start trading futures Sunday night, so hold on to your hats. With TSP TIPS, the C fund also made a record high this week and the S and I funds are within one percent of their highs, so we recommend staying the course and maintain the current allocation of 100% invested in TSP equity funds (C/S/I).
The S&P 500 had a third straight week of gains and Friday’s better than expected jobs report allowed the S&P 500 to close at a record high of 2651. Next week we have the Fed Meeting and the anticipated interest rate hike, but it looks like it’s already been baked into the market. It will also be highlighted with Bitcoin news as the cyber currency gained 24 percent last week and will also start trading futures Sunday night, so hold on to your hats. With TSP TIPS, the C fund also made a record high this week and the S and I funds are within one percent of their highs, so we recommend staying the course and maintain the current allocation of 100% invested in TSP equity funds (C/S/I).