TSP Market Summary: Week of January 28, 2021
Key Takeaways
- S&P 500 had worst single-day drop since October but recovered about half those losses
- C and S funds hit record highs this week despite volatility, with multiple records in January
- Potential third monthly transaction Friday if funds close below key technical levels
Recommended Allocation (Moderate Profile)
This is our historical recommendation from this date. For current recommendations, subscribe.
| G Fund | F Fund | C Fund | S Fund | I Fund |
|---|---|---|---|---|
| 30% | 0% | 25% | 30% | 15% |
Yesterday the S&P 500 had a 2.57 percent sell off, which was it\'s worst day since 28 October. Gamestop topped the news but it was also broad based as there were sell offs in numerous sectors. However, today we are seeing the markets recoup about half of yesterday\'s losses. For TSP TIPS, we still need to remember that the C fund just hit a record high on Monday and the S fund hit one last Wednesday. Now let me balance that with 2021 performance and the S and I funds hitting new record highs seven times in January, with the C fund making 5 new highs. Since one off day does not make a trend, we\'ll see how things close out today. If the C, S, and I funds close below 55.9997, 77.6630 and 35.5884 today, we will most likely take advantage of our third transaction of the month and take some money off the table on Friday. Please stand by for tomorrow morning.