Good Evening, The tax reform bill hit a snag when Senator Marco Rubio of Florida sated that he would not vote for the bill unless the child tax credit is increased. As a result the market sold off. This sets us up for either another “the tax bill is passed rally” or an almost certain correction. If you fear the latter this is probably a good time to go to cash or in our case the G Fund. Politics aside, I find it hard to believe that Republicans will fail to pass a bill knowing that they will lose a crucial vote after the 1st of the year when the new Alabama Senator Jones is sworn in. I don’t know about all this political stuff, but I do know this with close to 100% certainty that if some form of corporate tax cut is not passed this market will drop and it will probably drop hard. I’m still betting that it will get done. However, if your view is that it won’t happen my advice to you is to get out of this market while you still have time. There’s always a small chance that I am wrong and things will be fine regardless. All I can say is assess the situation and proceed at your own risk. Either way, I’m going to continue to place my faith in God. The current situation only reminds me once again that if you place your faith in men you’ll likely be disappointed.
The days trading left us with the following results: Our TSP allotment dropped -0.80%. For comparison, the Dow fell -0.31%, the Nasdaq -0.28%, and the S&P 500 -0.41%.
| 12/14/17 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 15.5234 | 18.1345 | 37.2839 | 47.5187 | 30.3193 |
| $ Change | 0.0010 | 0.0099 | -0.1465 | -0.3896 | -0.0489 |
| % Change day | +0.01% | +0.05% | -0.39% | -0.81% | -0.16% |
| % Change week | +0.04% | +0.31% | +0.04% | -0.83% | +0.56% |
| % Change month | +0.09% | +0.58% | +0.23% | -1.49% | -0.16% |
| % Change year | +2.22% | +3.93% | +20.77% | +15.91% | +23.24% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 19.4853 | 26.7477 | 30.4804 | 33.1537 | 19.1832 |
| $ Change | -0.0133 | -0.0356 | -0.0713 | -0.0930 | -0.0622 |
| % Change day | -0.07% | -0.13% | -0.23% | -0.28% | -0.32% |
| % Change week | +0.06% | +0.07% | +0.07% | +0.07% | +0.06% |
| % Change month | +0.08% | +0.04% | -0.03% | -0.06% | -0.11% |
| % Change year | +5.84% | +9.27% | +13.58% | +15.63% | +17.50% |
