With one hour remaining in the trading week, I took a walk to gather my thoughts regarding this week’s write up. I considered it a very good consolidation week as the S&P 500 bounced around in a tight range, but making small incremental moves with new records on Monday and Thursday. Returning just before Friday’s close, the S&P 500 bounced up 0.5 percent in that last hour, setting a new record of 3935 at the bell. As in previous weeks, the other major market indices also joined in the fun. From a technical perspective, this definitely is a “Let the trend be our friend” type of market with indexes above their 50 day Moving Average (MA), which is above their 200 day MA. For TSP TIPS, on Monday the S and C funds made a new highs. On Tuesday the S fund made another new high. On Wednesday the I fund made its first record in over a month, 8 January. Then on Thursday and Friday, all three equity funds (C/S/I) marched in-step making new record highs each day. Since the S and C funds remain in the Top Two Performance Ranking (PR) positions, we’ll maintain our current allocation. Looking forward, last week I mentioned that “…..we’re now within 3 percent of that ‘4K’ S&P 500 level.” This week we’ve closed that gap to 1.65 percent. Lastly, the markets will be closed for President’s Day on Monday and we hope everyone enjoys this long weekend.
With one hour remaining in the trading week, I took a walk to gather my thoughts regarding this week’s write up. I considered it a very good consolidation week as the S&P 500 bounced around in a tight range, but making small incremental moves with new records on Monday and Thursday. Returning just before Friday’s close, the S&P 500 bounced up 0.5 percent in that last hour, setting a new record of 3935 at the bell. As in previous weeks, the other major market indices also joined in the fun. From a technical perspective, this definitely is a “Let the trend be our friend” type of market with indexes above their 50 day Moving Average (MA), which is above their 200 day MA. For TSP TIPS, on Monday the S and C funds made a new highs. On Tuesday the S fund made another new high. On Wednesday the I fund made its first record in over a month, 8 January. Then on Thursday and Friday, all three equity funds (C/S/I) marched in-step making new record highs each day. Since the S and C funds remain in the Top Two Performance Ranking (PR) positions, we’ll maintain our current allocation. Looking forward, last week I mentioned that “…..we’re now within 3 percent of that ‘4K’ S&P 500 level.” This week we’ve closed that gap to 1.65 percent. Lastly, the markets will be closed for President’s Day on Monday and we hope everyone enjoys this long weekend.