The Dow Jones Industrial Average reached the 28,000 record level for the first time ever making it four straight weeks of consecutive gains. The S&P 500 also closed at a record high of 3120 Friday which makes it six straight weeks of consecutive gains, something that hasn\'t been done since 2017. These gains came after White House economic advisor Larry Kudlow commented on Thursday that the U.S. and China were close to a trade deal. We mentioned last week the launch of Disney+, which gave the market a boost with over 10 million subscriptions on the first day. And on the interest rate front, Federal Reserve Chairman Powell spoke at the Congressional Joint Economic Committee stating that Fed interest rate moves are "unlikely to change as long as the economy keeps growing". For TSP TIPS, the S fund gained those few pennies and recorded a new high along with the C fund. The I fund took a bit of a breather this week after a run of 12 new highs between 22 October and 7 November. That said, we will keep our current allocation and re-evaluate before the Thanksgiving holiday.
The Dow Jones Industrial Average reached the 28,000 record level for the first time ever making it four straight weeks of consecutive gains. The S&P 500 also closed at a record high of 3120 Friday which makes it six straight weeks of consecutive gains, something that hasn\'t been done since 2017. These gains came after White House economic advisor Larry Kudlow commented on Thursday that the U.S. and China were close to a trade deal. We mentioned last week the launch of Disney+, which gave the market a boost with over 10 million subscriptions on the first day. And on the interest rate front, Federal Reserve Chairman Powell spoke at the Congressional Joint Economic Committee stating that Fed interest rate moves are "unlikely to change as long as the economy keeps growing". For TSP TIPS, the S fund gained those few pennies and recorded a new high along with the C fund. The I fund took a bit of a breather this week after a run of 12 new highs between 22 October and 7 November. That said, we will keep our current allocation and re-evaluate before the Thanksgiving holiday.