S&P 500 closed at record high of 2874, marking the longest running bull market in history
C and S equity funds hit new highs with Buy signals while F and I funds showed weakness
Fed Chair Powell indicated gradual rate hikes will continue through 2018
After seven months, the S&P 500 had a record breaking high closing at 2874 Friday in a week which also marked the longest running bull market in history. The Fed Summit in Jackson Hole was the big market mover this week as Chairman Powell stated gradual interest rate hikes "remain appropriate" for 2018, and that the U.S. economy has strengthened substantially. For TIP TIPS, the C and S equity funds recorded new highs on Friday as well, with a continuing "Buy" signal and an “A” performance ranking. Due to the strength of C and S and the weakness of F and I, we will continue with our current allocation because "if it ain\'t broke, don\'t fix it".
After seven months, the S&P 500 had a record breaking high closing at 2874 Friday in a week which also marked the longest running bull market in history. The Fed Summit in Jackson Hole was the big market mover this week as Chairman Powell stated gradual interest rate hikes "remain appropriate" for 2018, and that the U.S. economy has strengthened substantially. For TIP TIPS, the C and S equity funds recorded new highs on Friday as well, with a continuing "Buy" signal and an “A” performance ranking. Due to the strength of C and S and the weakness of F and I, we will continue with our current allocation because "if it ain\'t broke, don\'t fix it".