The markets had a “News Trifecta” record week with the S&P 500 closing at new high of 3168 on Friday. First, Fed Chair Jerome Powell said that unless they "see inflation that\'s persistent and significant", there shouldn\'t be any interest rate increases for 2020. Second, a U.S. China phase one trade agreement is “near signature” which halts Sunday’s new tariffs, rolls back some previous ones, and has them buying more U.S. farm goods. Third, the vote to move forward with Brexit provided direction to the international markets for the way-ahead. All three events reduced market uncertainty, which is positive for equities. For TSP TIPS, the equity funds all had strong bullish performances with the C and I funds closing the week at record highs. Mirroring last week’s comments, our performance rankings remain aligned with our current allocation and as such, no reallocation is recommended this “Trifecta” week.
The markets had a “News Trifecta” record week with the S&P 500 closing at new high of 3168 on Friday. First, Fed Chair Jerome Powell said that unless they "see inflation that\'s persistent and significant", there shouldn\'t be any interest rate increases for 2020. Second, a U.S. China phase one trade agreement is “near signature” which halts Sunday’s new tariffs, rolls back some previous ones, and has them buying more U.S. farm goods. Third, the vote to move forward with Brexit provided direction to the international markets for the way-ahead. All three events reduced market uncertainty, which is positive for equities. For TSP TIPS, the equity funds all had strong bullish performances with the C and I funds closing the week at record highs. Mirroring last week’s comments, our performance rankings remain aligned with our current allocation and as such, no reallocation is recommended this “Trifecta” week.