TSP Market Summary: Week of July 07, 2018
Key Takeaways
- Markets treading water as $34B US-China trade dispute weighs on investor sentiment
- Strong June jobs report supports keeping S and C equity fund allocations unchanged
- Inflation and consumer sentiment data next week could drive market direction
The S&P 500 closed this week at 2759, which is just about where it was two weeks ago. Trade tensions due to the $34 billion tit-for-tat tactics between the U.S. and China were put on the back burner Friday after a strong June jobs report. For next week, expect markets to be influenced by inflation and consumer sentiment reports. With TSP TIPS, the S and C equity funds stay strong and we recommend keeping the status quo with no allocation changes.