Markets have been stagnant for two months, holding steady around 3465-3478 range
S fund (small-cap stocks) outperforming near record highs, C fund ranks second
Potential portfolio changes expected early November after election uncertainty clears
The S&P 500 had another flat week closing at 3465 on Friday. Looking back to 26 August, the S&P 500 closed at 3478, so it’s really been a flat two months. With the uncertainty of the election in two weeks, the markets seem to be "holding their breath" waiting for a breakout. The hope of the stimulus bill being “almost there” for a month now sounds like the “Free Beer Tomorrow” advertisement on Stock Island as you approach Key West. On the economic front, next week we’ll have the third quarter GDP numbers on Thursday which may move the markets. For TSP TIPS, the S fund continues to flirt with its record high and stands at the top of the performance rankings, followed by the C fund. As such, we’ll maintain our current allocation as we close out October but stand by for an intraweek reallocation that first week of November.
The S&P 500 had another flat week closing at 3465 on Friday. Looking back to 26 August, the S&P 500 closed at 3478, so it’s really been a flat two months. With the uncertainty of the election in two weeks, the markets seem to be "holding their breath" waiting for a breakout. The hope of the stimulus bill being “almost there” for a month now sounds like the “Free Beer Tomorrow” advertisement on Stock Island as you approach Key West. On the economic front, next week we’ll have the third quarter GDP numbers on Thursday which may move the markets. For TSP TIPS, the S fund continues to flirt with its record high and stands at the top of the performance rankings, followed by the C fund. As such, we’ll maintain our current allocation as we close out October but stand by for an intraweek reallocation that first week of November.