S&P 500 reached new record at 2901, maintaining strong upward momentum through summer
C and S funds hit new highs, staying above critical 2872 breakout level from January
Technical indicators suggest potential for continued gains toward 3000 by year-end
Week Ending 31 August 2018<br>The S&P 500 set a new record on Wednesday and closed out the week at 2901. July and August have been very nice months as the S&P 500 has advanced in 8 of the last 9 weeks. What is significant from a technical perspective is that we have had the resilience this week to remain above the breakout level of 2872 from January of this year. As mentioned in our 30 June update, “We may be in for substantial bullish (in this case) or bearish moves once breaking through one of them.” While no one can predict the future, one percent monthly gains on the S&P 500 will bring us up to 3000 by the end of the year. For TSP TIPS, both the C and S funds made new highs this past week. Having been 100 percent invested in those two since 23 June, we’ll stay with our current allocation.<br>Performance Data through 31 August:<br>Year to Date (YTD): 5.52%<br>Last 12 Months (PIP): 14.21%
Week Ending 31 August 2018<br>The S&P 500 set a new record on Wednesday and closed out the week at 2901. July and August have been very nice months as the S&P 500 has advanced in 8 of the last 9 weeks. What is significant from a technical perspective is that we have had the resilience this week to remain above the breakout level of 2872 from January of this year. As mentioned in our 30 June update, “We may be in for substantial bullish (in this case) or bearish moves once breaking through one of them.” While no one can predict the future, one percent monthly gains on the S&P 500 will bring us up to 3000 by the end of the year. For TSP TIPS, both the C and S funds made new highs this past week. Having been 100 percent invested in those two since 23 June, we’ll stay with our current allocation.<br>Performance Data through 31 August:<br>Year to Date (YTD): 5.52%<br>Last 12 Months (PIP): 14.21%