07/20/2021

Good Evening, Last week we talked about being due for a pullback and we got  a hard selloff to begin the week as investors fretted about a possible slowdown in the economic comeback based on a resurgence in COVID 19 infections via the Delta Variant. Today, we got the bounce that we anticipated might come as we looked at our charts yesterday afternoon. The question is now which one will follow through? The dip or the bounce?? Personally, I would ...

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07/13/2021

Good Evening, The market continues to be dominated by the two big issues, bond yields and inflation. As we discussed a few weeks back pretty much everything is tied to them in some way. Today the market started off flat but then sold off after investors digested a hot inflation report. Inflation rose at its fastest pace in nearly 13 years, the Labor Department reported Tuesday. The consumer price index increased 5.4% in June from a year ago; economists surveyed by ...

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07/06/2021

Good Evening, Sometimes things can be too good. Add that to the dog days of summer and you have the current market. The majority of the economic indicators that investors follow are doing so well that they are starting to think that the best part of the recovery is now behind us. “Everything is perfect and that worries me,” said Sarat Sethi, portfolio manager at DCLA, said on CNBC’s “Squawk Box” on Tuesday. “Since October, we’ve had a 5% correction, that’s ...

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******Interfund Transfer*******

Good Evening, It’s time to adjust our allocation. The new allocation is 100/C. Please remember that this is the percentage of money that we have invested in each fund, not the money that is taken from your check and deposited into thrift. That deposit should always be 100% G Fund. That automatically protects your deposit in the event that it is made on a bad day for the market. The funds that accumulate in ...
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06/29/2021

Good Evening, Tomorrow is the last trading day of June and the last trading day of the quarter. I wasn’t always sure that we would finish the first half of the year in the green, but by the grace of God we did. I am fairly confident given no unforeseen land mines that we will finish the second half of the year in the green also. While some of the first 6 months of the year have been turbulent our ...

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06/22/2021

Good Evening, I find this market to be complicated. If you are a new investor you will have to work overtime to understand the dynamics of the current market. I will explain it the simple way which means I’m leaving a lot of details out. On the surface the market appears to be undergoing a lot of sector rotation as investors appear to be undecided about which way they will go. However, it’s not that they’re undecided but more like ...

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06/15/2021

Good Evening, The market has been on pause this week as it awaits the conclusion of the June Fed meeting. As usual, the meeting will conclude with an announcement and news conference at 2:00PM tomorrow. We always take the Fed seriously and have always told our group not to fight the Fed. I know it seems like I have said it a lot in recent months, but brace yourselves because I’m going to say it again. This Fed meeting is ...

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06/08/2021

Good Evening, The main theme of the market has not changed. It is still about the recovery but the way the market reacts to the recovery news is slightly different than it was in the spring. Let me explain. In the spring the emphasis was more about the recovery, about if we would recover and how long it would take. It is pretty much accepted and baked into the market that the US will have a full and timely recovery ...

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Good Evening, In recent weeks the market has begun to settle down a little bit. While that is good it still has quite a bit of damage to repair from the recent sell off. What are you talking about Scott? The S&P 500 is within a point of an all time record! Yes that is true but the major indices have become somewhat disconnected with what is going on with the average stock. If you don’t think so ask the ...

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05/26/2021

Good Evening, Things have settled down a bit and we have started out this week well……normal. Yes the best description of the action so far this week is normal and I attribute that to the fact that we have no major crisis so far this week. I praise God for that. The main things that have settled us back down to a state of normal are first that the crypto currency market has recovered from last weeks major selloff and ...

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