Good Day, Sometimes I get caught up with a busy schedule and/or I’m out on the road and I can’t do this blog justice. Last night was one of those times. I try to let you all know any time that is the case but as you know from your own busy schedules that’s not always possible. In the last blog I wrote I talked about market four factors that will shape the market and right on Que we had one of those events occur yesterday, Friday the 24th of August. The chairman of the Federal Reserve Jerome Powell spoke at the World Central Bank Symposium at Jackson Hole Wyoming. He said that the economy is in great shape and inflation is running at an acceptable level and that the Fed would continue it’s gradual rate of interest rate increases. For now, the chairman has maintained that gradual interest-rate increases are the best way to balance risks. The US economy hasn’t been this healthy since the financial crisis. Unemployment is historically low and expected to decline further. Wage growth is starting to pick up. And inflation is finally at the level the Fed considers healthy for the economy. “The economy is strong,” Powell said. “And most people who want a job are finding one.” Folks, I don’t care if is is August. That’s what the market wanted to hear and it responded accordingly.
The days results are as follows: Our TSP allotment added +0.62%. For comparison, the Dow posted a gain of +0.52%, the Nasdaq +0.86%, and the S&P 500 +0.62%. Praise God for another good day!
The weeks 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 +10.90% on the year. Here are the latest posted results.
| 08/24/18 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.8232 | 17.9796 | 40.9372 | 54.2007 | 30.1682 |
| $ Change | 0.0013 | -0.0038 | 0.2527 | 0.3430 | 0.1516 |
| % Change day | +0.01% | -0.02% | +0.62% | +0.64% | +0.51% |
| % Change week | +0.06% | +0.27% | +0.88% | +1.81% | +1.57% |
| % Change month | +0.20% | +0.78% | +2.25% | +3.64% | -2.18% |
| % Change year | +1.82% | -0.75% | +8.85% | +11.83% | -2.23% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 20.0488 | 27.7011 | 32.0335 | 35.0478 | 20.3887 |
| $ Change | 0.0245 | 0.0530 | 0.1140 | 0.1480 | 0.0979 |
| % Change day | +0.12% | +0.19% | +0.36% | +0.42% | +0.48% |
| % Change week | +0.30% | +0.44% | +0.78% | +0.92% | +1.05% |
| % Change month | +0.42% | +0.53% | +0.80% | +0.92% | +1.02% |
| % Change year | +2.55% | +3.02% | +4.22% | +4.69% | +5.11% |
F Fund:
As far as the month of August goes, I can’t complain. By the matter of fact, I can continue to praise God for His guidance of our group. Give Him all the praise and glory for He and He alone is worthy! That’s all for today. Have a great weekend and I’ll see you Monday!
