S&P 500 essentially flat over nine months despite two major V-shaped volatility periods
F fund extends winning streak to 8 weeks while C/S funds consolidate near record highs
Light trading volume expected next week due to July 4th holiday market closure
The last nine months can be characterized by two “V’s”. The first “V” was 2018’s bearish last quarter, followed by the markets bounce back to their best start in over two decades. The second “V’ was the drop in May and then another bounce back with the S&P 500 closing out June at 2941. While we’ve had those bounces, the S&P 500 remains pretty much where we were nine months ago when it closed at 2930 on 20 September 2018. Fed easing and a low interest rate environment have provided bullish fuel, but trade talks still look tentative after the G-20 summit. For TSP TIPS, it was more of a consolidation week for the U.S. equity funds (C/S) as they both are within striking distance of new highs. However, the F fund extended its weekly record high streak to eight while the I fund made it two in a row. For next week, we expect light volume with the markets closing early on Wednesday for Thursday’s Independence Day “Long Weekend”, and we wish everyone a Happy July 4th
The last nine months can be characterized by two “V’s”. The first “V” was 2018’s bearish last quarter, followed by the markets bounce back to their best start in over two decades. The second “V’ was the drop in May and then another bounce back with the S&P 500 closing out June at 2941. While we’ve had those bounces, the S&P 500 remains pretty much where we were nine months ago when it closed at 2930 on 20 September 2018. Fed easing and a low interest rate environment have provided bullish fuel, but trade talks still look tentative after the G-20 summit. For TSP TIPS, it was more of a consolidation week for the U.S. equity funds (C/S) as they both are within striking distance of new highs. However, the F fund extended its weekly record high streak to eight while the I fund made it two in a row. For next week, we expect light volume with the markets closing early on Wednesday for Thursday’s Independence Day “Long Weekend”, and we wish everyone a Happy July 4th