No TSP reallocation recommended due to holiday-shortened trading week
Government reopening and trade progress boosted Friday market sentiment
After a shaky start to the “holiday-shortened” week, the markets climbed back the second half of the week. The Dow extended its weekly win streak to five, but the S&P 500 just fell short, losing six points for the week and closing at 2664. Friday’s sentiment was positive for three reasons; 1) the Fed reported that it is closer than expected to ending its balance sheet unwind, thereby making future interest rate increases less worrisome; 2) Treasury Secretary Mnuchin’s projected confidence about the progress in trade talks between the U.S. and China and 3) the reopening of our government. For TSP TIPS subscribers, we recommend no reallocation changes but will remain poised for next week when we again have a “full monthly transaction fuel tank”. Lastly, we do welcome back our furloughed subscribers. I traveled to Albuquerque this week and I do have to tip my hat to those TSA workers and all of our other fellow government employees who weathered the storm.
After a shaky start to the “holiday-shortened” week, the markets climbed back the second half of the week. The Dow extended its weekly win streak to five, but the S&P 500 just fell short, losing six points for the week and closing at 2664. Friday’s sentiment was positive for three reasons; 1) the Fed reported that it is closer than expected to ending its balance sheet unwind, thereby making future interest rate increases less worrisome; 2) Treasury Secretary Mnuchin’s projected confidence about the progress in trade talks between the U.S. and China and 3) the reopening of our government. For TSP TIPS subscribers, we recommend no reallocation changes but will remain poised for next week when we again have a “full monthly transaction fuel tank”. Lastly, we do welcome back our furloughed subscribers. I traveled to Albuquerque this week and I do have to tip my hat to those TSA workers and all of our other fellow government employees who weathered the storm.