Good Evening, The market seesawed a little bit this morning and then sold off in tandem in the afternoon. I’ll be honest. I’m really not sure why it did what it did. The action is definitely a change in the character of the market. I just don’t know what to make of it. Right now I’m going to chalk it up to consolidation before the Santa Rally period or perhaps a pause while market players wait to see the final tax bill. Either way we’ll just have to keep an eye on our charts and react to whatever we see come before us. I wish I had a good explanation for this one but I have to be honest and say it caught me by surprise.
I had a lot of questions about the current sector rotation so I’ll do my best to explain it in a brief manner. The current rotation is really simple. There is not a lot of new money coming into the market so big fund managers are selling tech to buy domestic stocks that will benefit from a lower corporate tax rate. They’re taking their profits from tech and spending them in another area to hopefully make more profits. That’s it. Plain and simple……
The days trading left us with the following results: Our TSP allotment dropped -0.79%. For comparison, the Dow lost -0.45%, the Nasdaq -0.19%, and the S&P 500 -0.37%.
Tech rally burns out, leaves Wall Street lower
| 12/05/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.5144 | 18.0938 | 36.9482 | 47.5889 | 30.1634 |
| $ Change | 0.0010 | 0.0235 | -0.1369 | -0.3664 | -0.0651 |
| % Change day | +0.01% | +0.13% | -0.37% | -0.76% | -0.22% |
| % Change week | +0.03% | +0.07% | -0.47% | -1.09% | +0.14% |
| % Change month | +0.03% | +0.36% | -0.67% | -1.35% | -0.68% |
| % Change year | +2.16% | +3.70% | +19.68% | +16.08% | +22.61% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 19.4491 | 26.6726 | 30.3526 | 32.996 | 19.0832 |
| $ Change | -0.0123 | -0.0339 | -0.0688 | -0.0900 | -0.0605 |
| % Change day | -0.06% | -0.13% | -0.23% | -0.27% | -0.32% |
| % Change week | -0.05% | -0.12% | -0.22% | -0.28% | -0.32% |
| % Change month | -0.11% | -0.24% | -0.45% | -0.54% | -0.63% |
| % Change year | +5.64% | +8.97% | +13.11% | +15.08% | +16.89% |
