Good Evening, Oh my gosh. Here we go again. The sky is falling! The market has now traded lower on two days after Fed President Jerome Powell said that the current low inflation was “transitory”. Give me a break. He also said that the Fed is happy with where they are at right now, that they would be patient and analyze all the data before they did anything. All I can say about that is that there are a lot of unreasonable in investors out there. What the Fed said is reasonable and what the Fed is doing is reasonable. Those same investors want an interest rate decrease right now. Give me another break. Things are going just fine at the moment. Inflation is in fact well under the the Feds two percent target, unemployment is at a fifty year low, and you remember that earnings contraction that was supposed to be the first one since 2016? Well that has now turned into an earnings increase of +0.70%! Shall I go on… lets not forget the pending trade deal with China. It’s now rumored that there might be a done deal by next Friday. Considering that both Chinese and US officials have been saying that the talks continue to go well and that the Chinese delegation will be back in Washington next week, it’s not a stretch to think that a deal might in fact be near. So the bears are crying that Jerome Powell and company refuse to decrease rates and that lower oil prices today show that there is a drop in demand resulting from a weakening economy. A weak economy! Are you kidding me!!! Where do you think all these jobs are coming from?? High oil supply?? Have you ever heard of the shale oil boom in the US? Guess not. Oh yes I almost forgot….and they say it’s May! So go away! I don’t think so. Due to all the reasons a listed above plus a few that I didn’t list I am bullish!!! I believe that stocks have got at least one more good run in them and I’m sticking with that. So what’s the worst thing that can happen? My charts change and I sell. With a profit I might add. Go ahead bears. You sell and when you do I’ll watch while a Chinese trade agreement rally grinds you to dust!
The days trading left us with the following results: Our TSP allotment closed -0.22% lower. For comparison, the Dow fell -0.46%, the Nasdaq -0.16%, and the S&P 500 -0.21%.
The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Neutral. We are currently invested at 100/C. Our allocation is now +11.51% on the year not including the days results. Here are the latest posted results:
| 05/01/19 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 16.1336 | 18.6865 | 42.194 | 52.4054 | 30.3392 |
| $ Change | 0.0011 | 0.0051 | -0.3190 | -0.4870 | 0.0699 |
| % Change day | +0.01% | +0.03% | -0.75% | -0.92% | +0.23% |
| % Change week | +0.03% | +0.03% | -0.54% | -0.87% | +0.61% |
| % Change month | +0.01% | +0.03% | -0.75% | -0.92% | +0.23% |
| % Change year | +0.88% | +3.00% | +17.36% | +19.16% | +13.57% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 20.4807 | 28.2233 | 32.6248 | 35.6404 | 20.6956 |
| $ Change | -0.0169 | -0.0323 | -0.0833 | -0.1096 | -0.0730 |
| % Change day | -0.08% | -0.11% | -0.25% | -0.31% | -0.35% |
| % Change week | -0.01% | -0.03% | -0.10% | -0.13% | -0.15% |
| % Change month | -0.08% | -0.11% | -0.25% | -0.31% | -0.35% |
| % Change year | +4.02% | +5.34% | +10.08% | +11.93% | +13.53% |
Yep, I’m still bullish. That’s all for tonight. Have a nice evening and may God continue to bless your trades!
