Good Evening, Today the battle between stellar earnings and bad news (in this case inflation concerns) continued. The result was a flat day for Wall Street. While I pine for the market that we had in 2017 this was definitely better than going backwards. It seems that the current market is taking a pessimistic view of almost everything. The glass is half empty instead of half full. I find it rather stunning that the market failed to rally on Amazons stunning report last night. Just how good was it? Amazon beat earnings on both the top and bottom lines. Did I use the term beat. No that’s not good enough. Amazon better known as the death star decimated earnings estimates. How bad??? They beat them by 40%. No Sir/Ma’am that is not a typo. They beat their earnings projections by 40%. To put that in perspective the beat was the biggest I have ever seen in my 20 years plus of doing this. Heck, it may be the best ever. I’m not sure. What I am sure of is that the market is looking for reasons to sell. In 2017 and the begining of 2018 the market ignored bad news. In some cases really bad news. Nuclear threat, no problem, a special counsel investigation that could effect the president, no problem, mass shooting after mass shooting, not sweat. You get the picture. Now the ten year treasury yield probes the three percent range which is still historically low and the market sells off not once but twice? Corporate earnings are the best we have seen it years and the market is flat???? I guess when you look for trouble you can find it. I have no explanation. Selling off over a three percent treasury yield is stupid but it is what it is and we have to deal with it. Sometimes even the charts don’t make sense of the action. The only thing we can do is react to what we see and right now it’s a market that can’t make up it’s mind which way it wants to go.
The days trading left us with the following results: Our TSP allotment slipped back -0.25%. For comparison, the Dow was off -0.05%, the Nasdaq was flat at +0.02% and the S&P 500 finished with a slight gain of +0.11%.
The weeks 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 +0.54% on the year not including the days results. Here are the latest posted results:
| 04/26/18 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.6731 | 17.6676 | 37.726 | 49.1379 | 31.003 |
| $ Change | 0.0011 | 0.0312 | 0.3900 | 0.2796 | 0.1015 |
| % Change day | +0.01% | +0.18% | +1.04% | +0.57% | +0.33% |
| % Change week | +0.04% | -0.20% | -0.12% | -0.54% | -0.56% |
| % Change month | +0.20% | -1.03% | +1.09% | +1.27% | +1.58% |
| % Change year | +0.85% | -2.47% | +0.31% | +1.39% | +0.48% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 19.6801 | 27.0502 | 30.9041 | 33.6449 | 19.4888 |
| $ Change | 0.0332 | 0.0731 | 0.1463 | 0.1868 | 0.1217 |
| % Change day | +0.17% | +0.27% | +0.48% | +0.56% | +0.63% |
| % Change week | -0.04% | -0.09% | -0.19% | -0.23% | -0.27% |
| % Change month | +0.34% | +0.45% | +0.77% | +0.89% | +1.01% |
| % Change year | +0.66% | +0.60% | +0.55% | +0.50% | +0.48% |
