S&P 500 crossed 2800 for first time since February, boosting C fund performance prospects
Early earnings reports show 16%+ gains, supporting continued equity fund recommendations
Upcoming earnings season could drive markets higher if positive reports continue
Trade war concerns eased as the markets showed strong gains of more than 1.5 percent this week with the S&P 500 closing Friday at 2801, crossing the 2800 mark for the first time since February 1st. An International flavor continues this weekend with Wimbledon, World Cup, and the U.S./Russia summit next week. However, the highlight will be “earning’s season”. With only 5 percent of S&P 500 companies already posting earnings gains of over 16 percent thus far, continued “good reports” could drive the markets higher over the next few weeks. As such, for TSP TIPS we recommend no allocations changes and remaining 100 percent invested in the C and S equity funds.
Trade war concerns eased as the markets showed strong gains of more than 1.5 percent this week with the S&P 500 closing Friday at 2801, crossing the 2800 mark for the first time since February 1st. An International flavor continues this weekend with Wimbledon, World Cup, and the U.S./Russia summit next week. However, the highlight will be “earning’s season”. With only 5 percent of S&P 500 companies already posting earnings gains of over 16 percent thus far, continued “good reports” could drive the markets higher over the next few weeks. As such, for TSP TIPS we recommend no allocations changes and remaining 100 percent invested in the C and S equity funds.