7 March 2017: Patience

Patience. That’s what Wall Street investors have been exercising. Donald Trump’s shenanigans have not made the majority of investors anxious. They valued the chances of a Trump presidency and are now awaiting the unfolding of his plans. Even the high likeliness of rate hikes by the Fed does not make them feel nervous. It’s all very zen. Hopefully for them, a black swan will not enter the room and bring down the whole house…

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All major US indices eased somewhat yesterday, with the Dow losing 0.2% and the NASDAQ and S&P 500 lowering more than 0.3%. Volatility was on the rise: the VIX gained 2.55%. Our UVXY ETFs did not profit and lost more than 3.5%. XIV ETNs gained almost 2%. As a result, Danny Daredevil‘s result since the start dropped to 208%. Solid Suzy and Lazy Larry made a good start and gained 1.53%. Since these models have been traded for only one day, they have an astronomically (and unrealistically) high average annual return. We will report on those AAR’s once these start stabilizing, probably after a few weeks. Adventurous Anny is holding cash.
None of our models gave a trading signal at the end of yesterday’s trading session.

Model Holds Start date

RSS

YTD

QTD

AAR

Danny Daredevil UVXY 1 January 2016

+208.17%

-23.55%

-23.55%

+159%

Adventurous Anny Cash 6 March 2017

0.0%

0.0%

0.0%

0.0%

Solid Suzy XIV 6 March 2017

1.53%

1.53%

1.53%

Later

Lazy Larry
XIV 6 March 2017

1.53%

1.53%

1.53%

Later

RSS = Return Since Start | YTD = Year-To-Date | QTD = Quarter-To-Date | AAR = Average Annual Return

 

RS_v05-smallIt’s raining cats and dogs for a couple of days in a row. René has had it with the winter, and is longing to feel the warmth of the sun on his skin. Fortunately, there are lots of nice pastime activities that can be undertaken regardless of the weather. Like reading books (check), watching movies (check), or discovering new music artists to listen to, while taking a hot bubble bath (check). Hopefully, spring weather will arrive any time soon. If not, René will be even happier when the calendar flips to…