TSP Market Summary: Week of April 13, 2019
Key Takeaways
- S&P 500 closed at 2907, marking third straight weekly gain and nearing record high
- All TSP equity funds (C/S/I) reached 2019 highs while F fund declined on rate outlook
- Fed minutes show no rate changes expected this year, potentially boosting equities further
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% | 0% | 40% | 35% | 25% |
Earnings moved the markets on Friday with positive corporate numbers pushing the S&P 500 over the 2900 mark, closing at 2907. This marked three consecutive weeks of gains and the S&P 500 is within one percent of its record high. The Fed\'s March minutes were also released Wednesday, listing no anticipated change in interest rates this year, which could be another positive for the equity markets. For TSP TIPS, all three TSP equity funds (C/S/I) hit 2019 highs on Friday. We also saw the typical trend of an inverse relationship between debt and equities evolve this week, i.e. as equities strengthened the TSP bond fund (F) weakened. Based upon fund performance rankings, we are recommending our second allocation change of the month in anticipation of a run for a new S&P 500 high, and then hopefully a march towards that “3,000” threshold.