Good Evening, First of all let me say that I am praying that you all are well. I know these are unprecedented times. Well another day… some more stimulus. Today the White House proposed sending every American tax payer a $1000.00 check to help them get through the corona virus shutdown. They also proposed delaying taxes for 90 days. All that amounts to about three trillion with a T in stimulus. Also, the Federal Reserve said it would create a special purpose vehicle, under the direction of the Treasury, to buy short-term, high-quality unsecured debt issued by companies that form an important part of the overall financing system’s credit markets. I realize the market bounced in response to this news, but the last time I checked we still don’t have a cure for COVID-19 and it is still spreading. Until we see the corona virus numbers start to drop these measures will do little more than keep the economy afloat which I might add is their purpose. Now once the numbers start to go down which estimates say will be around 45 days things should start to make a sustained move higher. I must add that President Trump said we could still be battling COVID-19 in August or September. So patience will need to be practiced by all. There is light at the end of the tunnel if you can just hang on! Keep praying!! The Lord God will see us through. Be sure and give Him all the praise!!
The days trading left us with the following results. Our TSP allotment was steady in the G Fund. For comparison, the Dow added +5.20%, the Nasdaq +6.23%, and the S&P 500 +6.00%. It was a nice day but they’ve still got a lot of ground to make up.
The days action left us with the following signals: C-Sell, S-Sell, I-Sell, F-Sell. We are currently invested at 100/G. Our allocation is now -3.21% on the year not including the days results. Here are the latest posted results:
|Fund||G Fund||F Fund||C Fund||S Fund||I Fund|
|% Change day||+0.01%||+0.87%||-11.97%||-14.40%||-9.40%|
|% Change week||+0.01%||+0.87%||-11.97%||-14.40%||-9.40%|
|% Change month||+0.06%||-0.48%||-19.15%||-28.93%||-23.12%|
|% Change year||+0.35%||+3.27%||-25.85%||-35.03%||-31.00%|
|L INC||L 2020||L 2030||L 2040||L 2050|
|% Change day||-2.53%||-2.88%||-7.01%||-8.32%||-9.44%|
|% Change week||-2.53%||-2.88%||-7.01%||-8.32%||-9.44%|
|% Change month||-5.05%||-5.73%||-13.75%||-16.29%||-18.47%|
|% Change year||-6.49%||-7.41%||-18.13%||-21.43%||-24.23%|