Good afternoon, TSPwire Tactical Investor!
Stocks ended a rocky week on a positive note, rallying in a short-ended post-Thanksgiving session marked by thin trading activity amid hopes for better times in the retail and financial sectors.US financial markets were closed on Thursday for Thanksgiving, and the stock market closed three hours earlier then usual on Friday. Many stock dealers and institutional traders take the Friday off, which is sandwiched between the Thanksgiving holiday and the weekend, leading to trading volume in the short session typically much lower then a normal trading day.Financial sector was boosted by reports that banks were moving forward with plans to create a superfund aimed at cleaning up some of sub-prime mortgage related issues. At the same time optimism in retail market was another important theme on Black Friday, the start of the holiday shopping season. Early signs from big retailers hinted that shoppers might have been undeterred by the credit worries and record-high fuel prices. Many shopping days need to play out before a final tally on holiday shopping can be taken, but for now, investors offered a brief sigh of relief.This week we are staying at same distribution: 50% in I Fund, 30% in S Fund and 20% C Fund.