It was a "Big V" week with the markets falling through Wednesday, then up on the last two days with the S&P 500 closing at 4173 on Friday. The first half of the week was characterized with higher-than-expected Consumer and Producer Price Index numbers, which brought about fears of inflation. On Wednesday, the S&P 500 had its biggest drop since February losing over two percent. On Thursday the markets rebounded, and we also moved some money to the sidelines. Although Friday brought a flat retail sales report, the S&P 500 continued upward but still closed down over one percent for the week. On next Wednesday we have the Fed releasing its latest minutes, so well see how the markets react to the rate hike/inflation conundrum. For TSP TIPS, on Monday the I fund hit a new record high, but the S fund dropped below the 50-day moving average and remained there for the remainder of the week. Since we just had a mid-week reallocation, we will not be recommending another for this weekend.
It was a "Big V" week with the markets falling through Wednesday, then up on the last two days with the S&P 500 closing at 4173 on Friday. The first half of the week was characterized with higher-than-expected Consumer and Producer Price Index numbers, which brought about fears of inflation. On Wednesday, the S&P 500 had its biggest drop since February losing over two percent. On Thursday the markets rebounded, and we also moved some money to the sidelines. Although Friday brought a flat retail sales report, the S&P 500 continued upward but still closed down over one percent for the week. On next Wednesday we have the Fed releasing its latest minutes, so well see how the markets react to the rate hike/inflation conundrum. For TSP TIPS, on Monday the I fund hit a new record high, but the S fund dropped below the 50-day moving average and remained there for the remainder of the week. Since we just had a mid-week reallocation, we will not be recommending another for this weekend.