For the third Monday morning in a row, we started the week with a new COVID-19 vaccine showing promise. We now have the bases loaded with Pfizer on third, Moderna on second, Astra Zeneca on first, with FDA approval at bat and vaccine distribution in the on-deck circle. On Monday afternoon we then had former Fed Chair Janet Yellen announced for nomination as Treasury Secretary, bringing a well-known name into play. With Tuesday, we saw the Dow cross that “good news” threshold of 30,000, hitting a new all-time high. We hope everyone enjoyed Thanksgiving Thursday, but on Friday the markets were once again bullish with both the S&P 500 and Russell 2000 Small Cap index coming home with fresh historic highs. From a technical perspective, it can be summed up with “Let the trend be your friend”. For TSP TIPS, all three equity funds (S/C/I) finished the week at records highs, but the S fund was the standout making a new high every day. With our current allocation of 100 percent in equity funds, we will “Let the trend be our friend” as we head into December.
For the third Monday morning in a row, we started the week with a new COVID-19 vaccine showing promise. We now have the bases loaded with Pfizer on third, Moderna on second, Astra Zeneca on first, with FDA approval at bat and vaccine distribution in the on-deck circle. On Monday afternoon we then had former Fed Chair Janet Yellen announced for nomination as Treasury Secretary, bringing a well-known name into play. With Tuesday, we saw the Dow cross that “good news” threshold of 30,000, hitting a new all-time high. We hope everyone enjoyed Thanksgiving Thursday, but on Friday the markets were once again bullish with both the S&P 500 and Russell 2000 Small Cap index coming home with fresh historic highs. From a technical perspective, it can be summed up with “Let the trend be your friend”. For TSP TIPS, all three equity funds (S/C/I) finished the week at records highs, but the S fund was the standout making a new high every day. With our current allocation of 100 percent in equity funds, we will “Let the trend be our friend” as we head into December.