S&P 500 down slightly but markets stabilized by week's end, affecting C Fund performance
Strong jobs report with 3.9% unemployment supports continued patience with current TSP strategy
Waiting for market breakout while maintaining defensive positioning in uncertain environment
Although the S&P 500 was down slightly this week at 2663, the markets seemed to stabilize going into the weekend. The jobs report released Friday was "just right" with good wage growth without sparking inflation talk. While companies reported good profits this week, the unemployment rate was 3.9 percent, the lowest since December 2000. As mentioned last week, we’re still waiting for that breakout scenario and will practice a little bit of patience while maintaining our current TSP TIPS allocation.
Although the S&P 500 was down slightly this week at 2663, the markets seemed to stabilize going into the weekend. The jobs report released Friday was "just right" with good wage growth without sparking inflation talk. While companies reported good profits this week, the unemployment rate was 3.9 percent, the lowest since December 2000. As mentioned last week, we’re still waiting for that breakout scenario and will practice a little bit of patience while maintaining our current TSP TIPS allocation.