The markets had a nice week with both the Dow and S&P 500 hitting new highs. The Dow crossed the 27,000 level for the first time, while the S&P 500 crossed 3,000, closing Friday at 3013. The catalyst behind this was the optimistic outlook for lower interest rates made by Fed Chair Powell to congressional leaders. The markets are always evolving and the next key hurdle will be earnings season, which starts next week with banks reporting. For TSP TIPS, the C and S funds marched in lockstep with their underlying indices and also made new highs. Since we’re at mid-month, we’ll see how the initial set of earnings come in and if positive, will most likely move to a 100 percent equity allocation with our second July exchange next week.
The markets had a nice week with both the Dow and S&P 500 hitting new highs. The Dow crossed the 27,000 level for the first time, while the S&P 500 crossed 3,000, closing Friday at 3013. The catalyst behind this was the optimistic outlook for lower interest rates made by Fed Chair Powell to congressional leaders. The markets are always evolving and the next key hurdle will be earnings season, which starts next week with banks reporting. For TSP TIPS, the C and S funds marched in lockstep with their underlying indices and also made new highs. Since we’re at mid-month, we’ll see how the initial set of earnings come in and if positive, will most likely move to a 100 percent equity allocation with our second July exchange next week.