Good evening, TSPwire Tactical Investor!
It was a respectable week for stocks overall, helped by another cut in short-term interest rates by Federal Reserve. While investors responded positively to the employment report, analysts said it reflects a stalled economy. Friday, the Fed unveiled an expansion of its Term Auction Facility to provide extra cash to struggling banks.
The Standard and Poor 500 index (C Fund) gained 1.1% for the week. Treasury bonds fell on jobs report, sending yields higher. The dollar gained against the euro and yen.
For this week we will keep our allocation at the same level: 50% in I Fund and 50% in C Fund.