High market volatility with triple-digit Dow moves, but S&P 500 finished week positive
C and S funds maintain strong bullish performance, continuing to outpace international markets
Fed Chairman Powell's Jackson Hole speech Friday could drive next week's market direction
Volatility picked up this week with the Dow recording more than triple digit moves every day, and the S&P 500 up for the week closing Friday at 2850. International affairs influenced the markets with the Turkey Lira and economy putting downward pressure on the market at the beginning of the week, then talks of trade meetings with China took that pressure off at the end of the week. U.S. markets continue to outperform global ones, and once again the S&P 500 is within one percent of hitting a new record high. Next week a big driver will be the Federal Reserve Jackson Hole symposium with Chairman Powell speaking on Friday. For TSP TIPS, we’ve had a 100 percent allocation in the C and S funds since 9 June. However, since both have remained bullish with a similar performance ranking, we’ll continue with that allocation and hopefully see new highs next week. Lastly, we would like to say to our new friends from Albuquerque that we really enjoyed meeting you and hope you found the TSP training personally beneficial.
Volatility picked up this week with the Dow recording more than triple digit moves every day, and the S&P 500 up for the week closing Friday at 2850. International affairs influenced the markets with the Turkey Lira and economy putting downward pressure on the market at the beginning of the week, then talks of trade meetings with China took that pressure off at the end of the week. U.S. markets continue to outperform global ones, and once again the S&P 500 is within one percent of hitting a new record high. Next week a big driver will be the Federal Reserve Jackson Hole symposium with Chairman Powell speaking on Friday. For TSP TIPS, we’ve had a 100 percent allocation in the C and S funds since 9 June. However, since both have remained bullish with a similar performance ranking, we’ll continue with that allocation and hopefully see new highs next week. Lastly, we would like to say to our new friends from Albuquerque that we really enjoyed meeting you and hope you found the TSP training personally beneficial.