Good Evening, At last it’s here. Election day! What a convoluted mess!! Some investors said they would expect a sharp selloff, at least in the near term, if the Democrats gain control of both the House and the Senate. In contrast, stocks may rally on hopes of more tax cuts if Republicans retain control of the House. Others hoped that the elimination of election uncertainty would create a boost either way. One things for sure, someones got to be right. I’m not so sure myself. It’s like I said last night, the market likes a business friendly environment. That means things like tax cuts and less regulation. Anything less if not now will ultimately be a drag on stocks. I was reading today and could not believe my eyes when I read that a Senator from a major party wanted to tax income in retirement accounts. Are you kidding me?? I can guarantee you that is not in the best interest of anybody reading this blog. I will never endorse a candidate or party in this blog. I understand that I have readers that are passionate about all the major parties. That said, I implore each one of you to not only vote but make sure you know the candidates and the issues. Blindly voting for a candidate just because they belong to a particular party would be as irresponsible as buying a stock without researching the company. It could be disastrous. Enough of that. It appears from the action that at least some investors are ready to get back to trying to make some money as evident from a late spat of buying this afternoon. As far as how the market will react to the election in the morning, all I can say is that it’s a good thing we have charts…….. my advice is to keep a very close eye on them……
The days trading left us with the following results: Our TSP allotment posted a again of +0.41%. For comparison the Dow was up +0.68%, the Nasdaq +0.64%,and the S&P 500 +0.63%. Hey I’ll take it. Praise God for another day in the green!
The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Neutral. We are currently invested at 100/S. Our allocation is now +0.61% on the year not including the days results. Here are the latest posted results:
11/05/18 | Prior Prices | ||||
Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
Price | 15.9174 | 17.6743 | 39.1163 | 49.2768 | 28.335 |
$ Change | 0.0041 | 0.0180 | 0.2190 | -0.0089 | -0.1095 |
% Change day | +0.03% | +0.10% | +0.56% | -0.02% | -0.38% |
% Change week | +0.03% | +0.10% | +0.56% | -0.02% | -0.38% |
% Change month | +0.04% | -0.18% | +0.99% | +1.98% | +0.82% |
% Change year | +2.43% | -2.43% | +4.00% | +1.67% | -8.17% |
L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
Price | 19.8951 | 27.3091 | 30.9779 | 33.6246 | 19.4266 |
$ Change | 0.0128 | 0.0222 | 0.0395 | 0.0481 | 0.0299 |
% Change day | +0.06% | +0.08% | +0.13% | +0.14% | +0.15% |
% Change week | +0.06% | +0.08% | +0.13% | +0.14% | +0.15% |
% Change month | +0.24% | +0.35% | +0.66% | +0.79% | +0.90% |
% Change year | +1.76% | +1.56% | +0.79% | +0.44% | +0.15% |
Let’s go watch the election results! That’s all for tonight. Have a nice evening and I’ll see you tomorrow. God bless America!
God bless, Scott