Hello Everyone !
I apologize for reduced activity, I am in the middle of a PCS transfer, from overseas/foreign location to domestic USA, so I am juggling numerous things and have been off the grid to some extent.
I remain 100% S-Fund. While I-Fund indeed flashed some signs of life in April and early May, it then deteriorated and went south (performance wise), compared to the other funds. The S-Fund was top performer for May returns. The I-Fund was a negative performer and indeed carries additional risks for those who are in the I-Fund. So again, I am maintaining course and remain 100% S-Fund.
On Friday June 5, the Labor Department released its most recent “jobs report”, which reflected an unemployment rate of 5.5%, which is a slight worsening of the prior rate, of 5.4%. Whether the FOMC will raise rates or not in 2015, is still a hot debate, however I just don’t see it happening until sometime 2016. My opinion.
For in-depth discussion regarding my opinion on rate hikes, go to my March 12 Post at this link: http://www.thefedtrader.com/march-12-update-interest-ratespart-2/
Remember we are looking at BOTH Jobs/Employment data AND the PCE Inflation data. If the FOMC’s publicly advertised parameters (to include congressional testimony) are to be adhered to, then BOTH of the above need to be fulfilled prior to rate hikes.
That is all I have now…tomorrow Sunday my day will be filled with more real estate and home shopping activity, I will be off the grid for another week or two, but WILL be monitoring things market-wise. ANY changes to my TSP will be posted here.
Thanks for being a subscriber and please continue to share this site with your friends and colleagues.
– Bill Pritchard
