TSP Market Summary: Week of July 24, 2024
Key Takeaways
- S&P 500 fell below critical 5,446 support level, signaling potential further market weakness
- Technical indicators turned negative, justifying reduced equity exposure in TSP portfolios
- Increasing cash allocation provides flexibility to add stocks if market conditions improve
Recommended Allocation (Moderate Profile)
This is our historical recommendation from this date. For current recommendations, subscribe.
| G Fund | F Fund | C Fund | S Fund | I Fund |
|---|---|---|---|---|
| 38% | 2% | 25% | 35% | 0% |
In last weekends update we discussed some of the Glass Half Empty concerns we had with the markets. First was the S&P 500 support level of 5,446 and the second was a cross of the 10 day Exponential MA below its 20 day Simple MA. With the markets sell off today, both of those events occurred (check out the S&P 500 chart in Yahoo finance). As such, we are recommending the following new investment mix as we can always decrease equity exposure and increase our cash allocation.