Good Evening, Most of the market ended in the red today as tech stocks and bond yields took center stage for investors. These issues where also highlighted by the media. However, it was Apple (AAPL) that pulled the rest of the market down. Apple has one of the largest market caps and is a core holding in almost everyone’s portfolio. It is over weight in most indexes and no one intends to sell it. So why is it tanking? As we mentioned in a recent blog, Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), cut its full-year revenue target due to softer demand for smartphones. That caused Apple and the myriad of companies that it deals with to sell off and ultimately the entire market albeit to a lessor degree than the tech sector. While I find this to be a short term aggravation, I don’t find it to be a long term impediment. There are other companies than just Apple and majority of them are and will continue beat earnings estimates on both the top and bottom lines. As far as treasury yields go, I’ve heard about all I care to hear about the psychological level of 3%. Give me a break. The yields are still at historic lows. After all, they were at 3% in what, 2014? We made money then. I really don’t think 3% treasury yields will make the market suddenly fall apart. But I have been wrong before and that’s why I watch the charts. They are never wrong……
The days trading left us with the following result: Our TSP allotment slipped -0.10%. For comparison, the Dow was off -0.06%, the Nasdaq -0.25%, and the S&P was slightly in the green at +0.01%.
Wall Street edges lower as tech stocks, bond yields weigh
The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Sell. We are currently invested at 100/S. Our allocation is now +1.09% on the year not including the days results. We’re still in the green for now and I praise God for that! It’s a hard year to make money, but we did anticipated that if would be. Here are the latest posted results:
| 04/20/18 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.6661 | 17.7034 | 37.7696 | 49.4048 | 31.1788 |
| $ Change | 0.0012 | -0.0356 | -0.3233 | -0.2884 | -0.2000 |
| % Change day | +0.01% | -0.20% | -0.85% | -0.58% | -0.64% |
| % Change week | +0.05% | -0.62% | +0.54% | +1.16% | +0.52% |
| % Change month | +0.15% | -0.83% | +1.21% | +1.83% | +2.15% |
| % Change year | +0.81% | -2.27% | +0.42% | +1.94% | +1.05% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 19.6878 | 27.0741 | 30.9625 | 33.7236 | 19.542 |
| $ Change | -0.0307 | -0.0700 | -0.1440 | -0.1857 | -0.1217 |
| % Change day | -0.16% | -0.26% | -0.46% | -0.55% | -0.62% |
| % Change week | +0.13% | +0.21% | +0.36% | +0.43% | +0.50% |
| % Change month | +0.38% | +0.54% | +0.96% | +1.13% | +1.28% |
| % Change year | +0.70% | +0.68% | +0.74% | +0.73% | +0.75% |
