Good Evening, The market bounced back today after a modest selloff yesterday resulting from a drone attack that wiped out a great deal of Saudi Arabia’s oil refining capacity. Tension in the middle east is always a drag on the market as such a large amount of the worlds oil supply comes from the region. Iran (surprise) is being blamed for the attack. Along with that we have the Fed closing out it’s September meeting tomorrow. It is widely anticipated that the FOMC will make another quarter point interest rate cut. The rate decision will be announced at 2:00 PM EDT when Fed Chairman Jerome Powell holds his press conference. As usual investors will be watching his statement for hints as to the Feds future interest rate policy. Expect a positive market response to a rate cut and a negative response if there is no rate cut and/or a negative statement concerning future rate cuts. As I said before, I’m not so sure how much effect further rate cuts would help the economy at this point but one thing is for sure. The market is addicted to cheap money and will definitely have withdrawal symptoms when it is finally taken away. So to wrap it all up, it’s Fed policy and oil that are driving the current market. Also don’t forget the giant in the closet that is trade relations with China. That is what is shaping the long term market and until we have an agreement there is always the chance the you could wake up in the morning to a massive sell off or rally depending on which way the negotiation winds blow. My feeling is that the trade war is holding the market and for that matter the world economy hostage. Such is the world that we live in. Good thing we’re only passing through…..
The days trading left us with the following results: Our TSP allotment posted at gain of +0.26%. For comparison, the Dow added +0.13%, the Nasdaq +0.40%, and the S&P 500 +0.26%. Praise God for another day in the green!
The days action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. We are currently invested at 100/C. Our allocation is now +7.85% on the year not including the days results. Here are the latest posted results:
| 09/16/19 | Prior Prices | ||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 16.2679 | 19.4998 | 43.6257 | 53.122 | 30.3706 |
| $ Change | 0.0022 | 0.0634 | -0.1356 | 0.2425 | -0.2763 |
| % Change day | +0.01% | +0.33% | -0.31% | +0.46% | -0.90% |
| % Change week | +0.01% | +0.33% | -0.31% | +0.46% | -0.90% |
| % Change month | +0.08% | -1.49% | +2.55% | +3.83% | +3.32% |
| % Change year | +1.72% | +7.48% | +21.34% | +20.79% | +13.69% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 20.7539 | 28.6285 | 33.2247 | 36.3422 | 21.1192 |
| $ Change | -0.0122 | -0.0238 | -0.0729 | -0.0954 | -0.0631 |
| % Change day | -0.06% | -0.08% | -0.22% | -0.26% | -0.30% |
| % Change week | -0.06% | -0.08% | -0.22% | -0.26% | -0.30% |
| % Change month | +0.59% | +0.76% | +1.72% | +2.06% | +2.36% |
| % Change year | +5.40% | +6.85% | +12.11% | +14.13% | +15.85% |
