Good Evening, The market was cruising along without a care until another Russian report came out. It then closed out the day well off it’s highs. Pay attention!! This is one of those moments when I’m going to tell you pretty much how it will be. First off, we have a market that is looking for any excuse to correct. It doesn’t really matter what the fundamentals are. It’s going to do what it is going to do irregardless of what the circumstances are. Any reason will do! Second of all, you have the typical poor summer seasonality adding to the choppiness. Lastly you have the uncertainty of the news of Russian collusion with the Trump campaign. Now here’s how this is going to work. You remember not to long ago when the Federal Reserve was thinking about raising rates which it had not done since before 2009? What happened??? Every time the Fed met the market would become volatile because there was uncertainty about whether they would raise the rates or not. It went on and on. Each time they met there was more speculation about when, how much, and how often the Fed would raise rates. It didn’t amount to a hill of beans but it happened over and over again until we were all sick of it. Well that’s the way it’s going to work with this Russian news. It’s going to take months for the Special prosecutor that has been appointed to complete his investigation and each time a new rumor or piece of news is released the market will become choppy. Add that to a negative bias that will surely occur as the focus will be off of the Holy Grail that is tax reform and you have a situation that as investors we will all be glad to see come to an end. Put simply, this issue will trump all others(no pun intended) until it comes to a conclusion. The best thing our group has going for us at this time is that we are invested in the I Fund which may have some insulation from these annoying domestic issues……
The days trading left us with the following results: Our TSP allocation posted another outstanding gain of +1.16%! Praise God for that! There is no doubt that He is blessing our group. For comparison, the Dow was up +0.69%, the Nasdaq +0.47%, and the S&P 500 +0.68%. Thank you Jesus!
Wall St. ends off session highs after fresh Russia probe reports
The days action left us with the following signals: C- Neutral, S-Neutral, I-Buy, F-Buy. We are currently invested with 100% in the I Fund. Our allocation is now +7.87% on the year not including today’s gains. Here are the latest posted results:
| 05/18/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.3231 | 17.8445 | 32.8855 | 42.4349 | 27.766 |
| $ Change | 0.0009 | -0.0223 | 0.1210 | 0.1570 | -0.0192 |
| % Change day | +0.01% | -0.12% | +0.37% | +0.37% | -0.07% |
| % Change week | +0.04% | +0.52% | -0.99% | -1.20% | +0.26% |
| % Change month | +0.11% | +0.52% | -0.60% | -2.14% | +2.45% |
| % Change year | +0.90% | +2.27% | +6.52% | +3.51% | +12.86% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 18.8471 | 25.4136 | 28.2736 | 30.421 | 17.4309 |
| $ Change | 0.0082 | 0.0224 | 0.0398 | 0.0505 | 0.0333 |
| % Change day | +0.04% | +0.09% | +0.14% | +0.17% | +0.19% |
| % Change week | -0.07% | -0.20% | -0.36% | -0.43% | -0.51% |
| % Change month | +0.13% | +0.13% | +0.11% | +0.10% | +0.07% |
| % Change year | +2.37% | +3.82% | +5.36% | +6.10% | +6.77% |
We had another good day because God has us in right place. Give Him all the praise and enjoy the gains! Have a great weekend.
