Good evening, TSPwire Tactical Investor!
Stocks ended a rough week on Wall Street in mixed territory on Friday. Ongoing credit market mess dragged down the financial sector. All major stock indexes ended the week with losses, earasing the big rally from the previous week. Stocks managed to end choppy session higher on Thursday breaking a three-day losing streak. But Friday brought a return to the selling.
Recession fears weighed on stocks in January, with the SP 500 (C Fund) being down 9.3%. Meanwhile Treasury prices rallied, lowering the yield down. In currency trading, dollar fell against the yen and euro.
Next week we are keeping same allocation: 50% in I Fund and 50% in C Fund.