Good Evening, Investors decided to ignore the trade concerns that convinced them to seek risk off investments yesterday and scoop up some bargains on their favorite names that were beat up during the sector rotation. As a result all the major indices finished the last session of the week in the green. I have to say why not buy? “Investors aren’t really trading on the big news of the day which is the G7,” Katrina Lamb, head of investment strategy and research at MV Financial, in Bethesda, Maryland. “This stuff is going to matter at some point. The optics of the G7 alone are something that should concern people but in terms of the practical immediate effect probably not much.” In the meantime, investors focused on expectations for strong growth among U.S. corporations, according to Lamb citing expectations for sales growth of more than 7 percent this year. She also pointed to Wall Street estimates for 2018 earnings growth of 22.2 percent, according to Thomson Reuters I/B/E/S. “The math looks really good in terms of the relation between price and earnings and sales,” she said. “This is a perfectly good time to be long the market.” We knew it was gong to be choppy going into the summer but our portfolios should all be higher when we are done riding the waves. There will be a time to focus on preserving what we have. However, right now our task is to keep moving forward and of course that will mean riding out some big waves!
The days trading left us with the following results: Our TSP allotment gained +0.37%. For comparison, the Dow added +0.30%, Nasdaq +0.14%, and S&P 500 +0.31%. Praise God for another good day!
The weeks action left us with the following signals: C-Buy, S-buy, I-Sell, F-Neutral. We are currently invested at 100/S. Our allocation is now +6.91% for the year not including the days gains. Here are the latest posted results:
| 06/07/18 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.7247 | 17.7547 | 39.3013 | 52.2468 | 31.0213 |
| $ Change | 0.0012 | 0.0383 | -0.0208 | -0.1666 | 0.1062 |
| % Change day | +0.01% | +0.22% | -0.05% | -0.32% | +0.34% |
| % Change week | +0.05% | -0.19% | +1.34% | +1.55% | +1.49% |
| % Change month | +0.05% | -0.54% | +2.45% | +2.42% | +1.81% |
| % Change year | +1.19% | -1.99% | +4.50% | +7.80% | +0.54% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 19.8607 | 27.4054 | 31.5599 | 34.4757 | 20.0307 |
| $ Change | 0.0048 | 0.0076 | 0.0101 | 0.0114 | 0.0062 |
| % Change day | +0.02% | +0.03% | +0.03% | +0.03% | +0.03% |
| % Change week | +0.31% | +0.49% | +0.87% | +1.02% | +1.16% |
| % Change month | +0.46% | +0.75% | +1.35% | +1.60% | +1.82% |
| % Change year | +1.59% | +1.92% | +2.68% | +2.98% | +3.27% |
