Good Evening, Small Cap and Tech stocks decided to take the first day of November off making for a somewhat choppy beginning to the new month. I really thought we would get a small rally this afternoon as the FED concluded their November meeting with an expected announcement to hold rates steady at this time. The Dow and the S&P 500 both managed modest gains on the day. That makes it obvious that the gains were driven almost exclusively by large cap stocks. This is strange for November. I not quit sure what to make of it. All that noted, tomorrow has the makings of a market mover. Make no mistake, investors are keying on tax reform and tomorrow Republican congressional leaders are supposed to release the proposed Republican bill for tax reform. This is the single most important market moving piece of news of the year so far. If the market likes what it sees it will be rally on and if not, well lets just say not so good. Tomorrow also happens to have the second most market moving piece of news of the year as well. President Trump is supposed to release his pick for the chairman of the Federal Reserve as Janet Yellen’s term is coming to an end. If that pick is Janet Yellen or Jerome Powell both of whom are considered to be market friendly everything will be fine. If the pick does not include one of the aforementioned pair not so fine…. You get the picture. You might want to have your seat belts fastened tightly as tomorrow could be quite a ride!
The days trading left us with the following results: Our TSP allotment fell back -0.30%. For comparison, the Dow added +0.25%, the Nasdaq dropped -0.17%, and the S&P 500 was up +0.16%.
| 10/31/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.4792 | 18.0487 | 36.0912 | 46.8782 | 30.0511 |
| $ Change | 0.0010 | -0.0050 | 0.0355 | 0.3114 | 0.0417 |
| % Change day | +0.01% | -0.03% | +0.10% | +0.67% | +0.14% |
| % Change week | +0.02% | +0.29% | -0.21% | -0.13% | +0.61% |
| % Change month | +0.19% | +0.07% | +2.33% | +1.41% | +1.54% |
| % Change year | +1.92% | +3.44% | +16.90% | +14.35% | +22.15% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 19.3495 | 26.4745 | 30.0219 | 32.5875 | 18.822 |
| $ Change | 0.0078 | 0.0191 | 0.0367 | 0.0480 | 0.0323 |
| % Change day | +0.04% | +0.07% | +0.12% | +0.15% | +0.17% |
| % Change week | +0.04% | +0.05% | +0.05% | +0.06% | +0.06% |
| % Change month | +0.54% | +0.83% | +1.27% | +1.46% | +1.63% |
| % Change year | +5.10% | +8.16% | +11.87% | +13.66% | +15.29% |
