Trade uncertainty with China created major market swings, highlighting ongoing volatility
We saw continued volatility this week, but the S&P 500 managed to close the week up at 2723. On Friday the Labor Department reported 3.1% wage growth and that the U.S. added 250,000 jobs in October. A strong wage number correlates with inflation which would give the Fed motive to stick with the interest rate increase next month. On Friday the Dow had a 500 point swing with conflicting White House reports on a China trade resolution. For the TSP equity funds we have avoided the "death cross" another week and we recommend staying with our current allocation.
We saw continued volatility this week, but the S&P 500 managed to close the week up at 2723. On Friday the Labor Department reported 3.1% wage growth and that the U.S. added 250,000 jobs in October. A strong wage number correlates with inflation which would give the Fed motive to stick with the interest rate increase next month. On Friday the Dow had a 500 point swing with conflicting White House reports on a China trade resolution. For the TSP equity funds we have avoided the "death cross" another week and we recommend staying with our current allocation.