The S&P 500 started the week off with a record close Monday but couldn\'t hold on the rest of the week closing at 3557 on Friday. Even though this was the first time the market ended a week down this month, the S&P 500 is up nine percent for November. The increasing positive COVID-19 cases and shutdowns across the country are competing with the increasing positive news of a COVID-19 vaccine. It\'s no longer a question of "if" there will be a vaccine, but "when" it will be ready for distribution. Pfizer applied for emergency use authorization from the FDA and can have the vaccine ready to ship within hours if approved. Along with that, the Senate minority and majority leaders agreed this week to pick up the stimulus conversation that has been stalled since before the election. And to top off this busy week, housing starts increased significantly, Tesla is moving into the S&P 500, and Boeing’s 737 Max is cleared to return to the skies. For TSP TIPS, we saw record closes from all three equity funds (C/S/I) on Monday. As the week progressed, the S and I funds finished the week strong closing at new record highs on Friday. Since our allocation is aligned with their performance rankings, we are going to stay “As-Is”. Lastly, we wish all our TSP TIPS subscribers a safe and Happy Thanksgiving!!
The S&P 500 started the week off with a record close Monday but couldn\'t hold on the rest of the week closing at 3557 on Friday. Even though this was the first time the market ended a week down this month, the S&P 500 is up nine percent for November. The increasing positive COVID-19 cases and shutdowns across the country are competing with the increasing positive news of a COVID-19 vaccine. It\'s no longer a question of "if" there will be a vaccine, but "when" it will be ready for distribution. Pfizer applied for emergency use authorization from the FDA and can have the vaccine ready to ship within hours if approved. Along with that, the Senate minority and majority leaders agreed this week to pick up the stimulus conversation that has been stalled since before the election. And to top off this busy week, housing starts increased significantly, Tesla is moving into the S&P 500, and Boeing’s 737 Max is cleared to return to the skies. For TSP TIPS, we saw record closes from all three equity funds (C/S/I) on Monday. As the week progressed, the S and I funds finished the week strong closing at new record highs on Friday. Since our allocation is aligned with their performance rankings, we are going to stay “As-Is”. Lastly, we wish all our TSP TIPS subscribers a safe and Happy Thanksgiving!!