The S&P 500 posted its second up week in a row, closing at 6,101 on Friday. The markets were closed on Monday, but with no mention of tariffs on Tuesday, the S&P 500 closed above the 6,000 level for the first time since 26 December. Buoyed by good earnings from Netflix, on Wednesday the S&P 500 gapped up at the open and scored an intraday high above 6,100. On Thursday good news regarding data center investment propelled the S&P 500 higher as it closed at a new record high of 6,118. On Friday the S&P 500 popped up at the open, but then took a breather closing just above the 6,100 level. On the technical side, on a weekly basis we like to see higher highs and higher lows. However, we saw something unusual this week. Last week the S&P 500 high was when it closed at 5,996. This week it opened at 6,014, giving it the distinction that this weeks low was not only higher than the previous weeks low, but also higher than the previous weeks closing high. Next week will be a busy one on the economic front with a Fed decision and the GDP and Core PCE reports. Then add to that earnings reports from Microsoft, Meta and Tesla on Wednesday, followed by Apple on Thursday. For TSP TIPS we increased our equity exposure last week and stated that If this bullishness continues through the end of January, well reallocate the G funds second half on Monday, 3 February. As such we recommend no changes to our current investment mix.
The S&P 500 posted its second up week in a row, closing at 6,101 on Friday. The markets were closed on Monday, but with no mention of tariffs on Tuesday, the S&P 500 closed above the 6,000 level for the first time since 26 December. Buoyed by good earnings from Netflix, on Wednesday the S&P 500 gapped up at the open and scored an intraday high above 6,100. On Thursday good news regarding data center investment propelled the S&P 500 higher as it closed at a new record high of 6,118. On Friday the S&P 500 popped up at the open, but then took a breather closing just above the 6,100 level. On the technical side, on a weekly basis we like to see higher highs and higher lows. However, we saw something unusual this week. Last week the S&P 500 high was when it closed at 5,996. This week it opened at 6,014, giving it the distinction that this weeks low was not only higher than the previous weeks low, but also higher than the previous weeks closing high. Next week will be a busy one on the economic front with a Fed decision and the GDP and Core PCE reports. Then add to that earnings reports from Microsoft, Meta and Tesla on Wednesday, followed by Apple on Thursday. For TSP TIPS we increased our equity exposure last week and stated that If this bullishness continues through the end of January, well reallocate the G funds second half on Monday, 3 February. As such we recommend no changes to our current investment mix.