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
2025-06-13 27.6479 14.2316 52.9024 15.9824 60.8723 16.7473 36.8940 18.6869 18.6846 18.6821 11.0726 19.1308 20.0012 95.0040 88.2485 48.5492
2025-06-12 27.7407 14.2818 53.2972 16.1137 61.4173 16.9078 37.2703 18.9127 18.9104 18.9080 11.2064 19.1284 20.0748 96.0737 89.7781 49.1157
Daily Change -0.33%-0.35%-0.74%-0.81%-0.89%-0.95%-1.01%-1.19%-1.19%-1.19%-1.19%0.01%-0.37%-1.11%-1.7%-1.15%
Month to Date 0.44%0.46%0.79%0.85%0.91%0.96%1.01%1.18%1.18%1.19%1.19%0.16%0.24%1.17%1.05%1.28%
Year to Date 3.39%3.42%4.87%5.11%5.35%5.54%5.72%6.28%6.28%6.28%6.29%2.01%2.69%2.23%-2.11%15.88%
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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