Last week we started out with The S&P 500 made it five up weeks in a row, closing Friday at a new record high of 5,815. So lets update that to The S&P 500 made it SIX up weeks in a row, closing Friday at a new record high of 5,864. Monday started on a bullish note as semiconductor stocks pushed the S&P 500 to another record close. However, Tuesday was just the opposite as ASML, Europe's biggest tech firm and a leading supplier of chip manufacturing equipment, published its Q3 results a day early by accident. Plowing on, ASML cut its sales forecasts for 2025, sending its stock down 16% for its biggest single day drop since 1998. Nvidia also fell 4.5% Tuesday over reports of a possible chip export cap, bringing the S&P 500 back to Fridays closing price. On Wednesday Nvidia rebounded, closing up 3.1% with the S&P 500 recouping about half of Tuesdays losses. Thursday was a flat day and the S&P 500 closed exactly 1.00 point from the day before. Fridays market action was driven by Netflix, which beat Q3 expectations by adding another 5 million-plus subscribers, resulting in a NFLX surge of 11% and lifting shares to an all-time high. That also lifted the S&P 500 to a bookend week, with record highs on Monday and Friday. From a technical perspective, we did run the streak of up S&P 500 weeks to six, the longest weekly since the nine week stretch in November/December 2023. Next week starts the brunt of earnings season with over $23.5 trillion in market cap reporting. We get Tesla on Wednesday, and then Alphabet, Microsoft, Meta, Apple and Amazon the following week. Lastly, since today is 19 October, lets look at stock market history and 19 October 1987. On that Black Monday the Dow Jones Industrial Average (DJIA) plummeted 22.6%, marking the largest one-day percentage drop in the indexs history. This crash triggered a chain reaction of market distress worldwide, which led to the introduction of trading curbs to prevent future rapid market sell offs. For TSP TIPS the C and S funds did not have a bookend week since the TSP was closed on Monday with no official prices. Instead, they made their new all time highs on Wednesday and Friday. While the C fund is still at the top of the Performance Ranking leaderboard, the S fund has closed the gap. As such we recommend a slight reallocation for our Conservative model investment mix. If you are uncertain about which model you are receiving, the Conservative fund has three equity funds, Moderate two, and Aggressive one. Changes can be made contact@tsptips.com.
Last week we started out with The S&P 500 made it five up weeks in a row, closing Friday at a new record high of 5,815. So lets update that to The S&P 500 made it SIX up weeks in a row, closing Friday at a new record high of 5,864. Monday started on a bullish note as semiconductor stocks pushed the S&P 500 to another record close. However, Tuesday was just the opposite as ASML, Europe's biggest tech firm and a leading supplier of chip manufacturing equipment, published its Q3 results a day early by accident. Plowing on, ASML cut its sales forecasts for 2025, sending its stock down 16% for its biggest single day drop since 1998. Nvidia also fell 4.5% Tuesday over reports of a possible chip export cap, bringing the S&P 500 back to Fridays closing price. On Wednesday Nvidia rebounded, closing up 3.1% with the S&P 500 recouping about half of Tuesdays losses. Thursday was a flat day and the S&P 500 closed exactly 1.00 point from the day before. Fridays market action was driven by Netflix, which beat Q3 expectations by adding another 5 million-plus subscribers, resulting in a NFLX surge of 11% and lifting shares to an all-time high. That also lifted the S&P 500 to a bookend week, with record highs on Monday and Friday. From a technical perspective, we did run the streak of up S&P 500 weeks to six, the longest weekly since the nine week stretch in November/December 2023. Next week starts the brunt of earnings season with over $23.5 trillion in market cap reporting. We get Tesla on Wednesday, and then Alphabet, Microsoft, Meta, Apple and Amazon the following week. Lastly, since today is 19 October, lets look at stock market history and 19 October 1987. On that Black Monday the Dow Jones Industrial Average (DJIA) plummeted 22.6%, marking the largest one-day percentage drop in the indexs history. This crash triggered a chain reaction of market distress worldwide, which led to the introduction of trading curbs to prevent future rapid market sell offs. For TSP TIPS the C and S funds did not have a bookend week since the TSP was closed on Monday with no official prices. Instead, they made their new all time highs on Wednesday and Friday. While the C fund is still at the top of the Performance Ranking leaderboard, the S fund has closed the gap. As such we recommend a slight reallocation for our Conservative model investment mix. If you are uncertain about which model you are receiving, the Conservative fund has three equity funds, Moderate two, and Aggressive one. Changes can be made contact@tsptips.com.