Good Evening, The market pushed higher today after investors got excited about a possible rate cut by the Fed next week and new meetings between high level US and Chinese Officials with regard to the trade war. As we have been saying it’s really all about those two issues. If we are fortunate enough to get a rate cut next week along with continued good earnings that should be enough to keep the ball rolling. One word of caution on the rate cut. It should be noted that most investors are fully expecting a .25% cut. However, there are a number of them that think we might get a .50% cut. How much a .50% cut has been priced into the market is anybodies guess. That makes the big question here whether or not the market will be disappointed with only a .25% cut. We will see. There is definitely a chance that there will be some type of pullback when the announcement is made. Nevertheless, it is my belief that the market will ultimately be happy about a .25 point cut and it will be rally on. Of course, I don’t even have to mention that should we by some long shot get a .50% cut there will be a major rally. After all, the market is still addicted to cheap money stemming from the quantitative easing program after the mortgage meltdown in 2008/2009. So what could possibly be better than cheap money?? Cheap money and a trade agreement with China. Now that would be Nirvana………
The days trading left us with the following results: Our TSP allotment posted a nice gain of +0.68%. For comparison, the Dow added +0.65%, the Nasdaq +0.58%, and the S&P 500 +0.68%. Praise God for a good day!
The days action left us with the following signals: C-Neutral, S-Buy, I-Neutral, F-Neutral. We are currently invested at 100/C. Our allocation is now +12.38% for the year. Here are the latest posted results.
| 07/23/19 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 16.2189 | 19.2439 | 43.5827 | 53.1709 | 30.5801 |
| $ Change | 0.0010 | -0.0233 | 0.2970 | 0.3690 | 0.1018 |
| % Change day | +0.01% | -0.12% | +0.69% | +0.70% | +0.33% |
| % Change week | +0.02% | -0.05% | +0.97% | +0.69% | +0.22% |
| % Change month | +0.13% | -0.04% | +2.27% | +1.19% | +0.05% |
| % Change year | +1.42% | +6.07% | +21.22% | +20.91% | +14.48% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 20.6944 | 28.5526 | 33.1861 | 36.3212 | 21.1198 |
| $ Change | 0.0240 | 0.0422 | 0.1102 | 0.1438 | 0.0954 |
| % Change day | +0.12% | +0.15% | +0.33% | +0.40% | +0.45% |
| % Change week | +0.16% | +0.19% | +0.41% | +0.48% | +0.54% |
| % Change month | +0.38% | +0.46% | +0.85% | +0.98% | +1.09% |
| % Change year | +5.10% | +6.56% | +11.98% | +14.07% | +15.85% |
