Tech sector drove market decline with Apple, Netflix, Amazon down 5-7% for the week
All TSP funds showing negative performance rankings, favoring defensive G fund allocation
Volatile week with major moves Monday and Friday suggests continued market uncertainty
It was a bookend week on the markets with over one percent moves on Monday and Friday. It started with Monday’s 602 point loss on the Dow and finished Friday with the S&P 500 at 2736, down over one percent for the week. The big undercurrent was in the technology sector. To illustrate, Apple, Netflix and Amazon suffered weekly losses of 5.4%, 5.7% and 7% respectively. To add to the pain, shares of Nvidia plunged 18.8% just on Friday alone. For TSP TIPS, all funds have negative performance rankings so we’ll again maintain our current allocation with the majority of money in the G/Cash fund. Lastly, we would like to wish all our TSP TIPS subscribers a very Happy Thanksgiving!!
It was a bookend week on the markets with over one percent moves on Monday and Friday. It started with Monday’s 602 point loss on the Dow and finished Friday with the S&P 500 at 2736, down over one percent for the week. The big undercurrent was in the technology sector. To illustrate, Apple, Netflix and Amazon suffered weekly losses of 5.4%, 5.7% and 7% respectively. To add to the pain, shares of Nvidia plunged 18.8% just on Friday alone. For TSP TIPS, all funds have negative performance rankings so we’ll again maintain our current allocation with the majority of money in the G/Cash fund. Lastly, we would like to wish all our TSP TIPS subscribers a very Happy Thanksgiving!!