Bank shares dragged down equity markets despite encouraging first quarter earnings expectations
TSP maintains neutral allocation due to geopolitical uncertainty and mixed market signals
Syrian missile strikes after Friday close pose potential volatility risk for Monday trading
The S&P 500 closed the week at 2656 as equities were brought down by bank shares after an encouraging week. While it was interesting to see the indices react to data and the expectation of first quarter earnings versus tweets, the overriding factor on Monday will be the market’s reaction to the Syrian missile strikes after Friday’s close. For TSP TIPS, we’ll maintain our current neutral allocation pending next week’s events.
The S&P 500 closed the week at 2656 as equities were brought down by bank shares after an encouraging week. While it was interesting to see the indices react to data and the expectation of first quarter earnings versus tweets, the overriding factor on Monday will be the market’s reaction to the Syrian missile strikes after Friday’s close. For TSP TIPS, we’ll maintain our current neutral allocation pending next week’s events.