Good Evening, First and foremost I want to give praise to our God that never lets us down. Even in a pandemic! My prayers continue to go out to each and everyone of you that God will protect your health just as He has protected your accounts from Corona Virus also known as COVID 19. The market rose again today on positive sentiment that cases of corona virus in epicenters in the US may be starting to peek. It was also buoyed by signs that the Chinese economy may be beginning to recover. Stocks have now recovered close to half of their losses during the bear market. The major indices all have around 15% to go before they regain their pre bear market levels. While this is all really good, we are not out of the woods yet. There will still be economic and earnings reports that will show the full extent of the damage caused by this pandemic. We must also remain aware that the economy will not reopen all at once and that there will likely be out breaks of the virus as a good deal of our population still has no immunity. Those issues as well as others will all cause shifts in the market in the coming days and weeks. So we must be patient with our investments. Right now it’s all about positioning. It is necessary to be in the market now as high speed algorithm trading fueled by massive government stimulus make it virtually impossible to time the recovery. As you have seen in recent days, you can be left behind in a hurry if you are not already positioned when the buying begins. I’m sure many of your coworkers thought you were crazy if you followed us and got back into stocks. Be aware that there will surely be more selling before this pandemic is in the history books and when it comes the naysayers will come out again and say I told you so. Don’t let them distract you and get your eye off the ball or you will strike out. Don’t bail out of the batters box! If you lose your nerve and sell out you will lose out! If you hang in there you will hit your home run when earnest recovery gets underway. Ultimately the massive stimulus that has been put in place will propel this market to new highs and all you have to do now is nothing at all but wait. Patiently wait……
The days trading left us with the following results: Our TSP allocation posted a nice gain of +3.06%. For comparison, the Dow was up +2.39%, the Nasdaq +3.95%, and the S&P 500 +3.06%. What a nice day! Give God all the glory!
The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Buy. We are currently invested at 100/C. Our allocation is now +0.62% for the year not including the days gains! Praise God we are back in the green! Here are the latest posted returns:
04/13/20 | Prior Prices | ||||
Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
Price | 16.4211 | 20.5368 | 40.6067 | 43.0451 | 25.8529 |
$ Change | 0.0016 | 0.0337 | -0.4111 | -0.9308 | -0.2294 |
% Change day | +0.01% | +0.16% | -1.00% | -2.12% | -0.88% |
% Change week | +0.01% | +0.16% | -1.00% | -2.12% | -0.88% |
% Change month | +0.03% | +1.02% | +6.93% | +6.45% | +2.23% |
% Change year | +0.43% | +4.15% | -14.08% | -23.51% | -20.98% |
L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
Price | 20.4741 | 28.1244 | 31.1816 | 33.5586 | 19.2125 |
$ Change | -0.0467 | -0.0689 | -0.2085 | -0.2705 | -0.1785 |
% Change day | -0.23% | -0.24% | -0.66% | -0.80% | -0.92% |
% Change week | -0.23% | -0.24% | -0.66% | -0.80% | -0.92% |
% Change month | +1.25% | +1.26% | +3.25% | +3.86% | +4.37% |
% Change year | -3.36% | -4.04% | -10.53% | -12.67% | -14.55% |