June 2019

Allocation Percentages for June 2019
F Fund

0%

C Fund

100%

S Fund

0%

I Fund

0%

Markets hate uncertainty and instability, and we certainly have plenty of both right now. As I stated a couple of months ago, my numbers are showing a similar amount of uncertainty as they did during the election of 2016. Back then it was easy to pinpoint a cause to the uncertainty. There were two events impacting the markets, the US election and the recently decided Brexit. Two and a half years later we are still in election mode with all of the investigations, and then we have witnessed the collapse of the UK government over, Brexit. Added to these stressors are trade war with China, which has escalated quite a bit and a new front on the Southern border with new tariffs on Mexico. Additionally, the quants are pointing to various bond yields, housing prices, and various other harbingers of doom to make the case for a downturn in the economy. In one news story "First-quarter economic growth up 3.1%, slightly better than Wall Street expected" while another stated "Corporate profits fall again as GDP in first quarter trimmed". Both stories talk about a GDP of 3.1%! So where am I investing in June? We have already suffered a pretty significant downturn in the market this month. It has now priced in the escalated trade war no one thought would occur until the Chinese reneged on the negotiations. The US has plenty of GDP left to continue to pressure China, and I think the US will stay the course and still come out ahead. Second, our economy is still strong and to move funds out of the C Fund would be taking a loss, especially if a resolution is found soon. I think the market has priced in most of the volatility, I'm still 100% C Fund.
           
  

TSP FUND QUOTES

Date L Income L 2025 L 2030 L 2035 L 2040 L 2045 L 2050 L 2055 L 2060 L 2065 L 2070 G Fund F Fund C Fund S Fund I Fund
2025-03-28 26.8594 13.8120 50.1902 15.1042 57.3059 15.7146 34.5059 17.2790 17.2769 17.2747 10.2384 18.9577 19.9738 88.4507 82.3925 44.2564
2025-03-27 26.9686 13.8746 50.6826 15.2667 57.9789 15.9125 34.9707 17.5702 17.5680 17.5657 10.4107 18.9555 19.8635 90.2289 84.2106 44.7319
Daily Change -0.4%-0.45%-0.97%-1.06%-1.16%-1.24%-1.33%-1.66%-1.66%-1.66%-1.66%0.01%0.56%-1.97%-2.16%-1.06%
Month to Date -0.82%-0.94%-2.24%-2.49%-2.74%-2.95%-3.16%-3.86%-3.86%-3.86%-3.86%0.33%-0.18%-6.17%-7.59%0.96%
Year to Date 0.44%0.37%-0.51%-0.66%-0.83%-0.97%-1.12%-1.73%-1.73%-1.73%-1.72%1.09%2.54%-4.82%-8.61%5.63%
Details L Income L 2025 L 2030 L 2035 L 2040 L 2045 L 2050 L 2055 L 2060 L 2065 L 2070 G Fund F Fund C Fund S Fund I Fund
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