After Monday’s sell-off, the markets rallied for three days before weakness surfaced during the last hour of trading on Friday. The S&P 500 closed at 2859 with China trade tensions and a stalled deal as the bearish catalysts. The on again, off again headlines continue to cause market volatility, but with every passing month and expected deal, it seems as if a deal is less a reality. However, economic reports remain strong as well as earnings and the S&P 500 hovers around its 50 day Moving Average (MA). For TSP TIPS, the Bond fund (F) continues to strengthen with a new record high close on Wednesday. As noted above, the price of the equity funds (C/S/I) also hover around their 50 day MA’s, but their shorter term set of MA’s still remain neutral with a hold. As such, we recommend no allocation changes but will remain poised for a reallocation over Memorial Day weekend if warranted.
After Monday’s sell-off, the markets rallied for three days before weakness surfaced during the last hour of trading on Friday. The S&P 500 closed at 2859 with China trade tensions and a stalled deal as the bearish catalysts. The on again, off again headlines continue to cause market volatility, but with every passing month and expected deal, it seems as if a deal is less a reality. However, economic reports remain strong as well as earnings and the S&P 500 hovers around its 50 day Moving Average (MA). For TSP TIPS, the Bond fund (F) continues to strengthen with a new record high close on Wednesday. As noted above, the price of the equity funds (C/S/I) also hover around their 50 day MA’s, but their shorter term set of MA’s still remain neutral with a hold. As such, we recommend no allocation changes but will remain poised for a reallocation over Memorial Day weekend if warranted.