S&P 500 and Dow Jones hit new record highs, benefiting large cap C fund investors
International markets strengthened, prompting first I fund recommendation in three months
US-China tariffs and Fed meeting next week could impact market direction
The S&P 500 and Dow Jones Industrial both hit new record highs this week. For the Dow, it took eight months but it finally broke above the high it set in January, while the S&P 500 exceeded the August high. All told a good week for large cap funds, but it should be noted that the small cap Russel 2000 index did not follow in lock step. Looking globally, international markets trended positive this week which helped give the TSP I fund some attention with a "buy" signal. For next week, the new US-China tariffs kick in as well as the Fed meeting Wednesday. Based on the above, we are recommending a slight allocation change this week with an increase in the C fund and taking a new allocation in the I fund for the first time in three months. Lastly, we want to welcome any new subscribers to TSP TIPS and remember to follow our “Getting Started with TSP TIPS” stair-step process at http://www.weisertinvestments.com/tsp-tips.html
Recommended Allocation (Moderate Profile)
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The S&P 500 and Dow Jones Industrial both hit new record highs this week. For the Dow, it took eight months but it finally broke above the high it set in January, while the S&P 500 exceeded the August high. All told a good week for large cap funds, but it should be noted that the small cap Russel 2000 index did not follow in lock step. Looking globally, international markets trended positive this week which helped give the TSP I fund some attention with a "buy" signal. For next week, the new US-China tariffs kick in as well as the Fed meeting Wednesday. Based on the above, we are recommending a slight allocation change this week with an increase in the C fund and taking a new allocation in the I fund for the first time in three months. Lastly, we want to welcome any new subscribers to TSP TIPS and remember to follow our “Getting Started with TSP TIPS” stair-step process at http://www.weisertinvestments.com/tsp-tips.html