Facts: Unemployment reads 10.2%, compared to last month’s 11.1%. PMI (Purchasing Managers Index) expanded to 54.2, compared to last month’s 52.6. The S&P 500 (C Fund) increased 5.64% during the month of July. The Fed Funds interest rate remains between 0% – 0.25% However, GDP for Q2 dropped to an eye-popping -32.9%, according to the
Live Webinar: Are the New L-Funds any good? Last month the TSP introduced new L funds and made a bunch of changes to the existing L funds. Is that a good thing? Well, let’s just say I’m not thrilled. It’s time to revisit and reevaluate the L funds and see which, if any, are a
Presidential Election:
Of course, we cannot ignore the elections. Seems every presidential election is a high-drama, “do or die” mentality for Americans. Understandably so.
But the stock market doesn’t seems to be so dramatic come election time. Here’s a collection of market responses to elections dating back to 1980:
Facts: Unemployment reads 13.3%. The Fed Funds interest rate remains between 0% – 0.25% Q1 GDP read -5% according to the 2nd estimate. PMI contracted to a jaw dropping 43.1% The S&P 500 (C Fund) increased 4.76% during the month of May. Assessment: The above facts are improved compared to last month’s report. But, such
Facts: Unemployment reads 14.7%, with the most recent number of unemployment claims reaching 39 million The Fed Funds interest rate has been lowered to between 0% – 0.25% • Q1 GDP read -4.8% according to the first estimate. PMI contracted to a jaw dropping 41.5% The S&P 500 (C Fund) increased 12.8% during the month
Facts before the Coronavirus meltdown: Unemployment came in at 3.5%. 4th Quarter GDP was 2.1%, according to the 2nd estimate. PMI expanded, with the index reading to 50.1%. The S&P 500 (C Fund) decreased -8.24% during the month of February. Projections after the Coronavirus meltdown: Unemployment range 9% – 30% !!!!! To put in perspective,
Facts: Unemployment came in at 3.6%. 4th Quarter GDP was 2.1%, according to the 1st estimate. PMI expanded, with the index reading to 50.9%. The S&P 500 (C Fund) decreased .04% during the month of January. Assessment: PMI has returned to expansion territory – that’s a good sign. 2.1% quarterly GDP is just okay – nothing
Facts: Unemployment remained at 3.5%. 3rd Quarter GDP was 2.1%, according to the 3rd estimate. PMI was contracted again, with the index reading to 47.2%. The S&P 500 (C Fund) increased 3.01% during the month of December. Assessment: PMI has contracted for the 4th consecutive month. Not wonderful news. 2.1% quarterly GDP is just okay
Stephen Zelcer’s TSP Planning Report for the month of December. Find out how the different portfolios are looking. Sign up for a free month to see what you are missing.
Facts: PMI contracted again, with the index reading to 47.8%. 2nd Quarter GDP was 2%, according to the updated 3rd estimate. Unemployment remained at 3.5%. The S&P 500 (C Fund) increased 1.87% during the month of September. Assessment: PMI has contracted for the 2nd consecutive month. This is on the heels of a 31 month expansion hot
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