After last weeks run of five straight S&P 500 record highs, the S&P 500 paced itself this holiday shortened week and only had record closes on Wednesday and then again with Fridays close of 4369. This marks six out of seven weeks of gains for the S&P 500. The FOMC minutes released on Wednesday were in line with expectations, but on Thursday the markets opened lower with the 10-year yield falling to 1.25%. The markets staged a comeback by the end of the day which continued on through Friday. Even a new executive order aimed at the competitive practices of the Mega Cap sector did little to upset the markets as the NASDAQ and Dow also closed Friday at record highs. With next week being the opening of earnings season, well hopefully see good results and The trend will continue to be our friend. For TSP TIPS, the C fund recorded a new high on Friday in sync with the S&P 500. Finally, the C and S funds are in the top two Performance Rankings spots, both are still giving buy signals, and as such, we are recommending no changes in our current allocation.
After last weeks run of five straight S&P 500 record highs, the S&P 500 paced itself this holiday shortened week and only had record closes on Wednesday and then again with Fridays close of 4369. This marks six out of seven weeks of gains for the S&P 500. The FOMC minutes released on Wednesday were in line with expectations, but on Thursday the markets opened lower with the 10-year yield falling to 1.25%. The markets staged a comeback by the end of the day which continued on through Friday. Even a new executive order aimed at the competitive practices of the Mega Cap sector did little to upset the markets as the NASDAQ and Dow also closed Friday at record highs. With next week being the opening of earnings season, well hopefully see good results and The trend will continue to be our friend. For TSP TIPS, the C fund recorded a new high on Friday in sync with the S&P 500. Finally, the C and S funds are in the top two Performance Rankings spots, both are still giving buy signals, and as such, we are recommending no changes in our current allocation.