Good Evening, We got Jerome Powell nominated for Fed Chair and the Republican tax plan was released. That amounted to a flat market so far with the dips still being bought. My take is that the Powell nomination was already baked into the market and investors as well as everyone else are still assessing the tax plan. You can probably expect some type of market reaction tomorrow. The plan does include a corporate tax cut from 35% to 20% but eliminates or reduces many deductions. They tell me it’s about 200 pages long so let the debate begin.
The days trading left us with the following results: Our TSP allotment had a modest gain of +0.12%. For comparison, the Dow was up +0.35%, the Nasdaq dropped -0.02%, and the S&P 500 added +0.02%.
11/01/17 | Prior Prices | ||||
Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
Price | 15.4801 | 18.0483 | 36.1483 | 46.7103 | 30.1559 |
$ Change | 0.0009 | -0.0004 | 0.0571 | -0.1679 | 0.1048 |
% Change day | +0.01% | +0.00% | +0.16% | -0.36% | +0.35% |
% Change week | +0.03% | +0.28% | -0.06% | -0.49% | +0.96% |
% Change month | +0.01% | +0.00% | +0.16% | -0.36% | +0.35% |
% Change year | +1.93% | +3.44% | +17.09% | +13.94% | +22.58% |
L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
Price | 19.3559 | 26.4889 | 30.0474 | 32.6187 | 18.8417 |
$ Change | 0.0064 | 0.0144 | 0.0255 | 0.0312 | 0.0197 |
% Change day | +0.03% | +0.05% | +0.08% | +0.10% | +0.10% |
% Change week | +0.08% | +0.10% | +0.14% | +0.15% | +0.16% |
% Change month | +0.03% | +0.05% | +0.08% | +0.10% | +0.10% |
% Change year | +5.14% | +8.22% | +11.97% | +13.77% | +15.41% |
