Good Evening, We seem to be in what I will call a small downtrend at the moment. But remember, big downtrends always start as small ones. That’s the reason we watch all selling closely. Today the offending areas were again energy and banks. It appears that investors have become concerned about how bond yield curves will effect the banking industries margin of profit. If I understand this correctly and I don’t claim to be an expert on bonds, as bond yields move lower banks make less. Whatever! We all know what banking stocks did today! I certainly felt the pain as I have two rather large positions in the financial sector… Oh well, win some, lose some, and some are a draw. The bottom line to all this is that this is a rotational market with a slightly negative bias. Rather than moving out of the market all together money is simply moving out of one sector into another. Right now it appears that the hottest sector is Health Care which I might add is considered a defensive sector. Utilities, another defensive sector has been doing well as of late. If we look at the whole picture it tells us to raise our level of awareness. Not to sell, but definitely to keep a close eye on things.
The days trading left us with the following results: Our TSP allotment gave up -0.12%. For comparison, the Dow dropped -0.27%, the Nasdaq gained +0.74%, and the S&P 500 dipped -0.06%. It was really not that bad on the surface but that covered up some really ugly action in banks and energy.
S&P, Dow hurt by energy, banks; biotech boosts Nasdaq
The days action left us with the following signals: C-Neutral, S-Buy, I-Neutral, F-Neutral. We are currently invested at 100/I. Our allocation is now +9.24% on the year not including the days results. Here are the latest posted results:
| 06/20/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.3544 | 17.9726 | 33.9347 | 43.7503 | 28.1181 |
| $ Change | 0.0010 | 0.0376 | -0.2275 | -0.4261 | -0.2080 |
| % Change day | +0.01% | +0.21% | -0.67% | -0.96% | -0.73% |
| % Change week | +0.02% | +0.10% | +0.16% | -0.19% | -0.26% |
| % Change month | +0.12% | +0.42% | +1.15% | +1.67% | -0.01% |
| % Change year | +1.10% | +3.00% | +9.92% | +6.72% | +14.29% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 18.9816 | 25.7137 | 28.7622 | 31.0258 | 17.8179 |
| $ Change | -0.0246 | -0.0705 | -0.1281 | -0.1640 | -0.1084 |
| % Change day | -0.13% | -0.27% | -0.44% | -0.53% | -0.60% |
| % Change week | +0.02% | +0.01% | +0.00% | +0.00% | -0.01% |
| % Change month | +0.29% | +0.44% | +0.62% | +0.70% | +0.78% |
| % Change year | +3.10% | +5.05% | +7.18% | +8.21% | +9.14% |
