07/17/18

Good Evening, Jerome Powell, you are my hero. I officially approve of the new Fed Chair. In yesterdays blog we briefly discussed how Jerome Powell and the Fed could provide the market with a boost. Today he did exactly that when he testified before the senate banking committee. I must offer an apology and make one correction to yesterdays blog. I wrongly said that the Fed was meeting this week. I was in a hurry and meant to say that Fed Chairman Jerome Powell was testifying before congress. I’m not sure if he told senate democrats what they wanted to hear but he told investors EXACTLY what they wanted to hear which promptly turned the market around after a dismal start as a result of a poor earnings report by Netflix. He had all the answers that the market wanted to hear. Inflation is well contained, economic growth looks good, trade issues are not a problem and tax cuts are still beneficial. And I might add, he said this should be the case for years… Oh yeah, that is what I needed to hear. This supports what we have been saying. This market is going higher over the long term! Amen and thank you Jesus!!!

 

Fed’s Powell: Years of strong jobs, low inflation still ahead

The days turnaround left us with the following results: Our TSP allotment posted a gain of +0.56. For comparison, the Dow added +0.22%, the Nasdaq +0.63%, and the S&P 500 +0.40%. Praise God for another good day and praise Him a again for the great economic news!!!!

 

Wall St. climbs on Powell comments, earnings

 

 The days action left us with the following signals: C-Buy, S-Buy, I-Neutral, F-Buy. We are currently invested at 100/S. Our allocation is now +8.30% for the year. Here are the latest posted results:
07/17/18 Prior Prices
Fund G Fund F Fund C Fund S Fund I Fund
Price 15.7745 17.8826 39.9261 52.9268 30.3207
$ Change 0.0013 -0.0042 0.1589 0.3102 0.0040
% Change day +0.01% -0.02% +0.40% +0.59% +0.01%
% Change week +0.03% -0.15% +0.30% +0.06% +0.00%
% Change month +0.13% +0.28% +3.44% +2.86% +0.72%
% Change year +1.51% -1.28% +6.16% +9.20% -1.73%
  L INC L 2020 L 2030 L 2040 L 2050
Price 19.932 27.4964 31.6798 34.6097 20.1086
$ Change 0.0132 0.0282 0.0600 0.0781 0.0518
% Change day +0.07% +0.10% +0.19% +0.23% +0.26%
% Change week +0.05% +0.07% +0.10% +0.12% +0.13%
% Change month +0.62% +0.91% +1.59% +1.86% +2.10%
% Change year +1.95% +2.25% +3.07% +3.38% +3.67%

 

 

 Now lets take a look at the charts. All signals are annotated with green circles. If you click on the charts they will become larger.
C Fund:
S Fund:
I Fund:
F Fund:
I’m simply ecstatic about Jerome Powell’s testimony today. If he is correct the news will significantly help each one of us. Of course, there are still landmines and bumps in the road to contend with but overall it’s the best news that we have had as investors in a very long time. We have been saying here on this blog that this should be the case but to hear it from the Chairman of the Federal Reserve is significant! That’s all for tonight. Have a nice evening and may God continue to bless your trades.
God bless, Scott 8-)
 
 ***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. 

 

 

 

 

 

 

 

 

 

 

 



Written By

Scott Grimes

  • 08/07/2024

    Good morning, I’ll keep this brief because I’m on the road again. This market is volatile! I don’t care what the so called experts say. I don’t care what the VIX is. I don’t care whether folks are making money or losing money. It is one of the most volatile and fluid markets I have…

  • *****Interfund Transfer******

    Good Day, It’s time to adjust our mix. The new mix is 100/S. Please remember that this is the percentage of money that we have invested in each fund, not the money that is taken from your check and deposited into thrift. Those future contributions should always be 100% G Fund. That automatically protects your deposit in the event that it…

  • Alert

    Recommended Changes: August 7, 2025 Your Allocation Is 100% invested in the S Fund