Good evening, TSPwire Tactical Investor!
Positive economic news, good earnings results and mergers kept the bull running last week. Now investors are betting on Federal Reserve meeting. They are almost 100 percent positive that Feds will hold rates and will not say much about possibility of future rate hikes.Majority of first quarter ernings were reported and came above analysts' expectations. In our opinion momentum and high liquidity should continue to push stocks upward next week.
Our financial models yielded results very similar to the last week's ones. I, C & S Funds all finished with STRONG BUY signals. F Fund stayed at NEUTRAL.
Based on results we decided to stay put and keep last week's allocation, i.e. 50% in I Fund and 30% in C and 20% in S Funds.