It was a record setting week for the S&P 500 as it closed Friday at 7,126, a new all-time high. In another week dominated by ceasefire and negotiation talk, lets dig deeper into the numbers and technical analysis behind the markets bullish move. To recap, the S&P 500 closed February at 6,878. The Middle Eastern war pressured the markets in March with the S&P closing at 6,343 on 30 March. Ceasefire talks began, and the S&P 500 reacted with a gain of 3.36% the week ending 3 April, 3.56% the week ending 10 April, and 4.54% this Friday, 17 April. This week we also saw the S&P 500 hit some significant levels. On Monday it closed at 6,886, clawing back all of Marchs losses. On Wednesday it closed above 7,000 for the first time, setting a new record high. And this continued on with new record highs on both Thursday and Friday. And to show the markets strength, every April trading day has been positive for the S&P 500, except for one daily loss of -0.11% on 10 April. Looking at other markets, both the NASDAQ 100 and NASDAQ Composite have put together strings of 13 up days. For the 100, thats the longest since 2013, and for the Composite, its the longest since 1992. As a reference, the 100 is narrow in scope as it looks at the largest mega cap stocks, while the Composites scope is broad, consisting of over 3,000 plus names. As a takeaway, this indicates deep market strength, not just leadership. For next week earnings season continues and not much on the economic front until the fed interest rate decision on 29 April. For TSP TIPS all three equity funds now have Composite Scores of 100, and on the Performance Ranking leaderboard the I fund remains at the top, with the S fund runner up, almost in a dead heat with the C fund. That said the C fund made new record highs on Wednesday through Friday, the S fund notched a new high on Friday, and the I fund is less than 1% away from hitting that threshold. As such, we recommend the following new investment mixes.
It was a record setting week for the S&P 500 as it closed Friday at 7,126, a new all-time high. In another week dominated by ceasefire and negotiation talk, lets dig deeper into the numbers and technical analysis behind the markets bullish move. To recap, the S&P 500 closed February at 6,878. The Middle Eastern war pressured the markets in March with the S&P closing at 6,343 on 30 March. Ceasefire talks began, and the S&P 500 reacted with a gain of 3.36% the week ending 3 April, 3.56% the week ending 10 April, and 4.54% this Friday, 17 April. This week we also saw the S&P 500 hit some significant levels. On Monday it closed at 6,886, clawing back all of Marchs losses. On Wednesday it closed above 7,000 for the first time, setting a new record high. And this continued on with new record highs on both Thursday and Friday. And to show the markets strength, every April trading day has been positive for the S&P 500, except for one daily loss of -0.11% on 10 April. Looking at other markets, both the NASDAQ 100 and NASDAQ Composite have put together strings of 13 up days. For the 100, thats the longest since 2013, and for the Composite, its the longest since 1992. As a reference, the 100 is narrow in scope as it looks at the largest mega cap stocks, while the Composites scope is broad, consisting of over 3,000 plus names. As a takeaway, this indicates deep market strength, not just leadership. For next week earnings season continues and not much on the economic front until the fed interest rate decision on 29 April. For TSP TIPS all three equity funds now have Composite Scores of 100, and on the Performance Ranking leaderboard the I fund remains at the top, with the S fund runner up, almost in a dead heat with the C fund. That said the C fund made new record highs on Wednesday through Friday, the S fund notched a new high on Friday, and the I fund is less than 1% away from hitting that threshold. As such, we recommend the following new investment mixes.