perennial bull

KittyBruno
2023-12-21

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$

$Apple(AAPL)$ is about 10% of the SPY which is the S&P 500 and $Invesco QQQ Trust-ETF(QQQ)$ $NASDAQ 100(NDX)$ . The Federal Government has over 6 million employees (Civil Service, Postal and four military branches) that are participants in the Federal Retirement TSP Plan.

Every participant contributes 5 to 15% of their gross salary into the TSP every two weeks with the Federal Government matching an additional 5% of salary.

Although there are several investments to choose from the overwhelming majority of employees contribute to the C Fund which is the S&P 500 (SPY). Every two weeks a total of 26 times each year millions of government employees buy more and more of the S&P 500.

This is a massive continuous investment in those 500 stocks of which 30% are the Magnificent Seven with APPLE COMPUTER the biggest beneficiary of the windfall!

How will S&P close at the end of 2023?
S&P 500 dived on Wednesday but then rebound on Thursday. Some believe the expected correction has finally arrived. Others say vacation starts tomorrow and all the traders liquidated their positions. ------------------------ How will S&P close at the end of 2023? A short-term correction or a santa rally?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment