Good Evening, The battle continues. You have Covid 19, Tensions with China, and rioting in major US cities vs the overwhelming optimism investors have for the US economy reopening. You have to wonder just how far optimism will take us. I believe that our economy is still able to do great things but you’ve got to admit the odds are stacking up against it. Don’t get me wrong, I’m still betting on the economy. However, there remain some landmines out there and we have to be wary of them. #1 The new one…..How much of a drag will continued disturbances be on the reopening of the economies in our major cities….. After all it’s kind of hard for consumers there to go out and stimulate the economy when the are stuck inside because of a curfew. From a lock down to a curfew. I can’t really tell much difference. Then you’ve got businesses closed for the protests and I use that word loosely as some of them have been destroyed. It’s kind of hard to bring back your workers when your business has been torched!  Enough with that you get the picture. And before anyone says anything I think all lives matter and I know through God’s word that He abhors the shedding of innocent blood. I’m equally sure that He doesn’t approve of violence and looting…..I am frustrated with the whole thing and I know most of you are as well. There is an old saying where I come from. Two wrongs don’t make a right. All that said, you just have to really wonder how much more this market can take before it heads south.  #2 Rising tensions with China. OK now that I’m good and stirred up after number 1 I pretty well don’t care what I say. I do care how I say it though. We all know they did it. That’s right they released COVD 19. Was it by accident? That is up for debate. I have my opinion but I’ll keep it to myself. Our government knows they did it and I’ll bet they even know exactly how and why. With over 100,000 people and rising dead from Corona Virus not to mention the severe damage to our economy, it’s going to be pretty hard for the US to let it slide so to speak. The big question the market wants to know is will they leave the phase one trade deal in place or not? So far it’s been tit for tat stuff like blacklisting Chinese companies or China not buying US agricultural products. However, it says here that if the phase one trade deal is scrapped there will be a BIG selloff. Enough said on that. #3 And finally you have the original issue. COVID 19 AKA Corona Virus…. Our health officials are calling for a second outbreak of COVID 19 as the economy reopens. If the market survives #1 and #2 will a second out break of Corona Virus be enough to take it down…. Folks don’t get me wrong. I don’t want to be all doom or gloom here. I just want to point out the issues that you need to be watching. When you see one or more of these things come to pass you might want to take a minute and check your charts. That’s all I’m saying. Here’s to praying that we will overcome all of this stuff. Especially the rioting. After all, Jesus said you will know them by there love for one another… that’s the group I want to be identified with. I’m still betting on the Untied States!!! One Nation, Under God, Indivisible, with Liberty and Justice for all!

The days trading left us with the following results: Our TSP allotment posted another nice gain of +0.87%. For comparison, the Dow gained +1.05%, the Nasdaq +0.59%, and the S&P 500 +0.82%. Praise God for another day in the green!

The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. We are currently invested at 100/S. Our allocation is now +12.30% for the year. Here are the latest posted results:

God bless, Scott 

 

 ***Just a reminder that you can review the performance of our allocation at the Web Site TSPTALK.com in the autotracker section under the screen name KyFan1.

 

 

I produce and publish this blog as both a ministry and for the benefit of any Federal Government Employee. This is done to offer you some guidance as to how to approach your retirement more financially successful. When it is time for you to retire, I recommend you utilize the services of a Professional Money Manager, who works with a reputable investment firm. He understands the guidance you have already received and he can manage your savings assets utilizing a more advanced investment program into the future. 

 

If you would like to receive more information about this introduction, please feel free to contact me at  KyFan1@aol.com.