As one would expect, COVID news again topped the news this week as we’ve seen a “geographical rotation” of it’s spread. However, maybe the light at the end of the tunnel is getting brighter with Moderna’s vaccine trials leading the pack. We also entered earnings season with expectations spanning a broad spectrum because of that current environment. Looking back, on 12 June I mentioned that “If we take the S&P 500 close of 3002 on 11 June as a low support line and …. the closing high of 3232 on 8 June as the high resistance line, we could have the start of a range bound channel.” After briefly going above that level with a 3238 intraday high on Wednesday, the S&P 500 closed at the week at 3224, just 8 points shy of that resistance line. For TSP TIPS, if we do have a S&P close of 3233 or higher this week, expect an intraweek reallocation alert with the remainder of the F fund allocation moving to the S fund. Lastly, I would also like to go back to our 2019 Year End letter with the announcement of “The TIPS” bundle free pilot. Classic TIPS in one of the three models in “The TIPS” bundle, and utilizes index funds just like the TSP. However, it differs in that it offers a much larger selection of funds, daily reallocations, and can also be utilized by anyone with individual/joint accounts and/or Roth/Traditional IRA’s. As I was eligible for a TSP “Age-Based Withdrawal”, I recently direct transferred some of my TSP funds to Classic TIPS. This is also my preferred choice for transfer after retiring from civil service. If interested in “The TIPS” bundle the free pilot offer is still available at weisertinvestments.com/-the-tips-.html.
As one would expect, COVID news again topped the news this week as we’ve seen a “geographical rotation” of it’s spread. However, maybe the light at the end of the tunnel is getting brighter with Moderna’s vaccine trials leading the pack. We also entered earnings season with expectations spanning a broad spectrum because of that current environment. Looking back, on 12 June I mentioned that “If we take the S&P 500 close of 3002 on 11 June as a low support line and …. the closing high of 3232 on 8 June as the high resistance line, we could have the start of a range bound channel.” After briefly going above that level with a 3238 intraday high on Wednesday, the S&P 500 closed at the week at 3224, just 8 points shy of that resistance line. For TSP TIPS, if we do have a S&P close of 3233 or higher this week, expect an intraweek reallocation alert with the remainder of the F fund allocation moving to the S fund. Lastly, I would also like to go back to our 2019 Year End letter with the announcement of “The TIPS” bundle free pilot. Classic TIPS in one of the three models in “The TIPS” bundle, and utilizes index funds just like the TSP. However, it differs in that it offers a much larger selection of funds, daily reallocations, and can also be utilized by anyone with individual/joint accounts and/or Roth/Traditional IRA’s. As I was eligible for a TSP “Age-Based Withdrawal”, I recently direct transferred some of my TSP funds to Classic TIPS. This is also my preferred choice for transfer after retiring from civil service. If interested in “The TIPS” bundle the free pilot offer is still available at weisertinvestments.com/-the-tips-.html.