The markets were dicey most of the week, but Friday’s strong jobs report gave them a huge boost with the S&P 500 closing at 3145, just shy of its record high. The Labor Department reported 266,000 jobs were added to the economy last month which annihilated the estimate of 187,000 jobs. Additionally, the unemployment rate fell to 3.5% which matches its lowest level since 1969, which bodes well for continued low interest rates. Next week China trade tariffs will once again grab the headlines with a December 15 deadline fast approaching. For TSP TIPS, the TSP equity funds (C/S/I) also marched higher with the overall market. Their Moving Averages are bullish and their Bollinger Band Indices are indicating low volatility. Unlike last December, this market seems poised to again breakout to the upside and establish new records. With our performance rankings matching up with our current allocation, no reallocation is necessary this week.
The markets were dicey most of the week, but Friday’s strong jobs report gave them a huge boost with the S&P 500 closing at 3145, just shy of its record high. The Labor Department reported 266,000 jobs were added to the economy last month which annihilated the estimate of 187,000 jobs. Additionally, the unemployment rate fell to 3.5% which matches its lowest level since 1969, which bodes well for continued low interest rates. Next week China trade tariffs will once again grab the headlines with a December 15 deadline fast approaching. For TSP TIPS, the TSP equity funds (C/S/I) also marched higher with the overall market. Their Moving Averages are bullish and their Bollinger Band Indices are indicating low volatility. Unlike last December, this market seems poised to again breakout to the upside and establish new records. With our performance rankings matching up with our current allocation, no reallocation is necessary this week.