The S&P 500 rebounded from last weeks selloff and closed Friday at 6389.45. On Monday the S&P 500 gapped up at the open, and with more than four out of every five members of the benchmark advancing, it set the stage for a daily gain of over 1%. Tuesday was a losing day, marking the S&P 500s fifth down day of the last six and the Dows sixth negative session of the past seven. However, Palantirs (PLTR) earnings report showed it surpassing $1 billion in quarterly revenue for the first time, hiking its full-year guidance, and gaining nearly 8% on the day (more to follow). Wednesday turned out to be Chip Day as Trump announced a 100% tariff on imported chips, but not for companies that are building in the United States. Apple (AAPL/more to follow) then announced plans to spend an additional $100 billion over the current $500 billion on U.S. companies and suppliers over the next four years. Apple gained over 5% and with it being the third largest market cap stock in the S&P 500, it drove that index higher. Building on that news the S&P 500 again gapped up at the open on Thursday, but sold off during the session to end the day flat. However, Applovin (APP) beat earnings expectations and scored a daily gain of nearly 12% (more to follow). On Friday the S&P 500 gapped up at the open for the third time this week, but fell off in the last hour, less than one point away from a record closing high. From a technical perspective, lets delve further into more to follow, i.e. bullish breakouts. For the week, PLTR gained 21.19%, AAPL 13.33%, and APL 20.26%. Besides breaking out and not well known, all three stocks have 2:1 leveraged ETFs of 2 times (200%) the daily percentage change of the underlying stock. For the week and in the same order as above, PTIR gained 45.39%, AAPB 27.72%, and APPX 41.98%. An interesting item, not well known, but not for everyone. For next week well get inflation numbers on Tuesday and Thursday, followed by Retail Sales and Consumer Sentiment on Friday. For TSP TIPS it was a busy week as we increased our G fund allocation, selling some of the individual equity funds allocation at Mondays close. That said, you know we follow Composite Scores (CS) and Performance Rankings (PR) for allocation decisions. As such, both the C and I funds have rebounded with Composite Scores of 100. The I fund sits at the top of the PR leaderboard, with the C fund about 1% behind. And the C fund made a new record high on Friday, while the I fund is within striking distance sitting less than 1% off a new record. As such, we are recommending the following new investment mixes for the three TSP TIPS models. And lastly, some Mutual Fund Window TIPS news as we increased our ProFunds Ultra (2:1 leveraged) NASDAQ 100 (UOPIX) allocation to 100% this week.
The S&P 500 rebounded from last weeks selloff and closed Friday at 6389.45. On Monday the S&P 500 gapped up at the open, and with more than four out of every five members of the benchmark advancing, it set the stage for a daily gain of over 1%. Tuesday was a losing day, marking the S&P 500s fifth down day of the last six and the Dows sixth negative session of the past seven. However, Palantirs (PLTR) earnings report showed it surpassing $1 billion in quarterly revenue for the first time, hiking its full-year guidance, and gaining nearly 8% on the day (more to follow). Wednesday turned out to be Chip Day as Trump announced a 100% tariff on imported chips, but not for companies that are building in the United States. Apple (AAPL/more to follow) then announced plans to spend an additional $100 billion over the current $500 billion on U.S. companies and suppliers over the next four years. Apple gained over 5% and with it being the third largest market cap stock in the S&P 500, it drove that index higher. Building on that news the S&P 500 again gapped up at the open on Thursday, but sold off during the session to end the day flat. However, Applovin (APP) beat earnings expectations and scored a daily gain of nearly 12% (more to follow). On Friday the S&P 500 gapped up at the open for the third time this week, but fell off in the last hour, less than one point away from a record closing high. From a technical perspective, lets delve further into more to follow, i.e. bullish breakouts. For the week, PLTR gained 21.19%, AAPL 13.33%, and APL 20.26%. Besides breaking out and not well known, all three stocks have 2:1 leveraged ETFs of 2 times (200%) the daily percentage change of the underlying stock. For the week and in the same order as above, PTIR gained 45.39%, AAPB 27.72%, and APPX 41.98%. An interesting item, not well known, but not for everyone. For next week well get inflation numbers on Tuesday and Thursday, followed by Retail Sales and Consumer Sentiment on Friday. For TSP TIPS it was a busy week as we increased our G fund allocation, selling some of the individual equity funds allocation at Mondays close. That said, you know we follow Composite Scores (CS) and Performance Rankings (PR) for allocation decisions. As such, both the C and I funds have rebounded with Composite Scores of 100. The I fund sits at the top of the PR leaderboard, with the C fund about 1% behind. And the C fund made a new record high on Friday, while the I fund is within striking distance sitting less than 1% off a new record. As such, we are recommending the following new investment mixes for the three TSP TIPS models. And lastly, some Mutual Fund Window TIPS news as we increased our ProFunds Ultra (2:1 leveraged) NASDAQ 100 (UOPIX) allocation to 100% this week.