Good Evening, It was another flat summer day of trading. However, it was not without a little drama. President Donald Trump’s oldest son released E-mails where he corresponded with a Russian attorney that offered political dirt on Hillary Clinton. Folks, you couldn’t make this stuff up any better. They need to spin off a new TV series from this news. By the way, my only reason for mentioning any of this is the way that it effects the market. I can’t help it if the market trades off of political stuff. Personally, I’d prefer to talk about anything else. Nonetheless, the market sold off on the news. But alas, it wasn’t even an hour before the dip buyers stepped back in to drive it back up with a tailwind from later breaking news that Mitch McConnell delayed the Senates summer break by two weeks in order to make progress on the Republican agenda. In market speak, that means that the senate may be getting closer to working on tax relief and believe me, that’s the make or break issue for this market.
The days trading left us with the following results: Our TSP allotment added +0.23%. For comparison, the Dow was flat at 0.00%, the Nasdaq gained +0.27%, and the S&P 500 lost -0.08%. Thank God for giving this group another good day!
Wall Street ends flat as politics drive stocks
The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Neutral. No, I don’t just like to write Neutral all the time! The signals are a reflection of the tug a war that’s going on between the bulls and the bears. Neither one is able to gain any ground so the signals remain neutral…. We are currently invested with 100% in the I Fund. Our allocation is now +8.91% on the year not including the days results. Here are the latest posted results:
07/10/17 | Prior Prices | ||||
Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
Price | 15.3734 | 17.8418 | 33.8356 | 43.8352 | 28.034 |
$ Change | 0.0029 | 0.0262 | 0.0315 | -0.1320 | 0.0947 |
% Change day | +0.02% | +0.15% | +0.09% | -0.30% | +0.34% |
% Change week | +0.02% | +0.15% | +0.09% | -0.30% | +0.34% |
% Change month | +0.06% | -0.22% | +0.23% | -0.45% | -0.13% |
% Change year | +1.23% | +2.26% | +9.60% | +6.93% | +13.95% |
L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
Price | 18.982 | 25.6979 | 28.7215 | 30.9711 | 17.783 |
$ Change | 0.0085 | 0.0157 | 0.0230 | 0.0269 | 0.0161 |
% Change day | +0.04% | +0.06% | +0.08% | +0.09% | +0.09% |
% Change week | +0.04% | +0.06% | +0.08% | +0.09% | +0.09% |
% Change month | +0.04% | +0.03% | +0.02% | +0.01% | +0.00% |
% Change year | +3.11% | +4.98% | +7.03% | +8.02% | +8.93% |
