Now that the US economy is obviously improving, it is not illogical for the Fed to start raising interest rates. It could be considered a natural reaction: the economy can bear these rate hikes, it will prevent the economy from overheating and it will give the Fed some room to lower interest rates in the future, if necessary. The reaction of the markets could be a reason for the Fed to think twice about rate hikes, but the markets have shown the last couple of weeks that they are dealing with a very high chance of a rate hike in a very mature way. And that is how it should be: investors understand that the party of low interest rates is over and that a new party with a growing economy is not to be despised.
The stock markets in the US were in a good mood last Friday, mainly due to a positive jobs report. The major US indices gained 0.30% on average. The VIX lowered substantially to well below 12 points at 11.66. XIV ETNs gained 1.29%.
As a result, all our models recorded a gain at the close of Friday’s session. Danny Daredevil‘s return since the start rose to 212%. Adventurous Anny ended her second trading day with an overall result of just above 1%. Solid Suzy ‘s and Lazy Larry‘s results improved to 2.6%.
No trading signal was given by any of our models.
RSS = Return Since Start | YTD = Year-To-Date | QTD = Quarter-To-Date | AAR = Average Annual Return
Last Friday, Tim participated in the National Day of Volunteers (NLdoet). He has been taking part for many years, but it is only the last two years that he concerned himself with furniture during that day.
Last year, he sanded and stained outdoor tables and chairs at Villa Pardoes, a holiday accommodation for families who live their daily lives with a child who has a serious, potentially life-threatening illness.
This year, the job included a cycling tour of his hometown. Together with two other volunteers, Tim cleaned so-called Social Sofa’s. These outdoor benches are the brainchild of cabaret performer Karin Bruers. The idea is that these benches fight social isolation. Not only as a location at which people can meet each other, but also in the production of each Social Sofa. Neighbors, friends, colleagues or strangers can design their own Social Sofa and decorate it with mosaic tiles.
In the last ten years, thousands of Social Sofa’s have found a place in the world. In Tim’s hometown more than 150 Social Sofa’s (or ‘bènkskes’ as they are called in the local dialect) can be found. The majority of them turned out to be in mint condition. Some of them had been gnawed away at by moss or time. These benches needed not only cleaning, but Tim also took pictures of missing tiles and other damages. These bènkskes will be repaired in the near future.