TSP Market Summary: Week of July 28, 2018
Key Takeaways
- S&P 500 extended winning streak to four weeks with strong GDP growth at 4.1% and solid earnings
- C fund hit new record high with buy signal, following S fund's recent historical peak
- Fed meeting and jobs report next week could impact market momentum and TSP fund performance
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% | 50% | 50% | 0% |
The S&P 500 had its fourth straight week of gains closing at 2818 on Friday. The U.S economy is growing at the fastest pace since June 2014 with GDP reported at 4.1 percent. Also, with over 50 percent of S&P 500 companies reporting earnings, 79.8 percent have posted better than expected results. For next week, we have the monthly employment report and the Fed meeting, among others. Wth the TSP funds, last week we mentioned that the S fund hit a new historical high. Well, the C fund followed right up and hit a new record high this past Wednesday while also giving us a buy signal. As such, for TSP TIPS, we recommend slight allocation shift with equal weighting between the C and S funds.