TSP Market Summary: Week of March 10, 2018
Key Takeaways
- Strong Friday jobs report drove market rally, pushing S&P 500 to 2786 for the week
- C and S funds broke above 50-day moving averages with 'A' ratings, generating buy signals
- Despite nine-year bull run since 2009 lows, investors warned against complacency
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% | 40% | 20% |
The market rallied after a strong jobs report on Friday, with the S&P 500 closing the week at 2786. This past week also marked the nine-year anniversary of "The Haines Bottom", when the CNBC commentator called the last bear market’s bottom when the S&P 500 closed at 676. Markets have been bullish since then, but one should always remain cautious and not get lulled into an “emotional sense” of complacency. From a technical perspective however, we remain bullish. Both the C and S funds crossed above their 50 day moving averages this week and their performance rankings are “A”, giving us buy signals. As such, we recommend moving the 15 percent in cash into those two funds.