S&P 500 achieves fifth consecutive week of gains, boosting C Fund performance
C and S Funds remain technically strong above key moving averages, supporting current strategy
Fed hints at future rate increases despite holding steady, potentially impacting bond funds
The S&P 500 posted its fifth straight week of gains closing at 2840 Friday. Meanwhile, the Fed left interest rates unchanged after their meeting Wednesday but stated that further gradual rate increases may be needed. The July jobs report also showed good numbers which supports the Federal Reserve’s analysis of a strong economy. And finally, the tech sector was carried this week by Apple which became the first company in history to hit the one trillion-dollar market cap mark. For TSP TIPS, both the C and S funds remain above their 50 and 200 day moving averages so we will continue with our current allocation.
The S&P 500 posted its fifth straight week of gains closing at 2840 Friday. Meanwhile, the Fed left interest rates unchanged after their meeting Wednesday but stated that further gradual rate increases may be needed. The July jobs report also showed good numbers which supports the Federal Reserve’s analysis of a strong economy. And finally, the tech sector was carried this week by Apple which became the first company in history to hit the one trillion-dollar market cap mark. For TSP TIPS, both the C and S funds remain above their 50 and 200 day moving averages so we will continue with our current allocation.