This week the S&P 500 recouped last weeks losses and then some as it closed at a record high of 4280 on Friday. It was a see-saw battle as we saw the S&P 500 close at 4221 on Thursday, 17 June. The next day it finished the week at 4166, down 1.31% for the day. Then Monday rolls around and it see-saws back up to close at 4225, gaining 1.40% for the day. From an economic perspective, inflation continues to top the headlines with Fed Chairman Powell reiterating that inflation pressures are temporary and should "resolve themselves" in the coming months. Then on Thursday, the White House announced an infrastructure deal with the Senate which pushed the markets to that record close. For TSP TIPS, last weekend we recommended our second reallocation of the month, so we experienced that full see-saw effect as those interfund transfers did not get executed until Mondays close. That said, the majority of the TSP TIPS allocation is still invested in equities, so well see how things go this week as we close out the first half of the year.
This week the S&P 500 recouped last weeks losses and then some as it closed at a record high of 4280 on Friday. It was a see-saw battle as we saw the S&P 500 close at 4221 on Thursday, 17 June. The next day it finished the week at 4166, down 1.31% for the day. Then Monday rolls around and it see-saws back up to close at 4225, gaining 1.40% for the day. From an economic perspective, inflation continues to top the headlines with Fed Chairman Powell reiterating that inflation pressures are temporary and should "resolve themselves" in the coming months. Then on Thursday, the White House announced an infrastructure deal with the Senate which pushed the markets to that record close. For TSP TIPS, last weekend we recommended our second reallocation of the month, so we experienced that full see-saw effect as those interfund transfers did not get executed until Mondays close. That said, the majority of the TSP TIPS allocation is still invested in equities, so well see how things go this week as we close out the first half of the year.