It was a holiday shortened flat week for the S&P 500 as it closed at 4,105, down 4 points for the week. With no major economic news, there was minimal volatility with no daily moves of greater than 1%. That said, the major news happened on Friday when the markets were closed, and that was the March unemployment report. With the jobs number coming in close to expectations and the unemployment rate falling 0.1% to 3.5%, the futures markets remained muted. From a technical perspective, there was not much of a change in our indicators and as such well mark this as a wait and see week until Consumer Price Index (CPI) data on Wednesday and Consumer Sentiment on Friday. Based on the above little moves, for TSP TIPS we recommend no changes to our current investment mix.
It was a holiday shortened flat week for the S&P 500 as it closed at 4,105, down 4 points for the week. With no major economic news, there was minimal volatility with no daily moves of greater than 1%. That said, the major news happened on Friday when the markets were closed, and that was the March unemployment report. With the jobs number coming in close to expectations and the unemployment rate falling 0.1% to 3.5%, the futures markets remained muted. From a technical perspective, there was not much of a change in our indicators and as such well mark this as a wait and see week until Consumer Price Index (CPI) data on Wednesday and Consumer Sentiment on Friday. Based on the above little moves, for TSP TIPS we recommend no changes to our current investment mix.