TSP Market Summary: Week of April 05, 2019
Key Takeaways
- S&P 500 within 2% of historic highs after strong 196K jobs report and low 3.8% unemployment
- All TSP equity funds (C/S/I) reached new 2019 highs with bullish technical signals emerging
- Earnings season starts next week amid ongoing U.S.-China trade negotiations still weeks away
Recommended Allocation (Moderate Profile)
This is our historical recommendation from this date. For current recommendations, subscribe.
| G Fund | F Fund | C Fund | S Fund | I Fund |
|---|---|---|---|---|
| 0% | 25% | 35% | 25% | 15% |
Making it two in a row, major stock market indices closed higher for the week with the S&P 500 sitting at 2892. A good employment report on Friday with 196,000 jobs added to the economy and a low 3.8 percent unemployment rate contributed to the gains. U.S./China trade talks are in a “deja-vu” state with agreement still anticipated a few weeks away. Next week we have earnings season commencing and hopefully strong results will continue to drive indices towards historic highs, which is less than two percent away for the S&P 500. For TSP TIPS, both the S and I funds had their Golden Crosses (50 day Moving Average (MA) crosses above its 200 day MA) this past week. Additionally, all three equity funds (C/S/I) hit new 2019 highs. As such, we are recommending the following reallocation as our first of the month.