In the seventies, the series The Six Million Dollar Man was very popular in the Netherlands. It featured Lee Majors, who played NASA astronaut Steve Austin. Austin is severely injured in the crash of an experimental lifting body aircraft. He is ‘rebuilt’ in an operation that costs six million dollars. After his surgery, Austin has all kinds of superpowers: his eye has a 20:1 zoom lens and infrared capabilities, and Austin can run at speeds of 60 mph.
Analysts think that Apple, currently the most expensive company in the world by market capitalization, will be a $1 trillion company within a year. It is remarkable that another Steve had to rebuild this company before it developed its superpowers: Apple redefined the way in which we communicate with each other, listen to music and use computers.
Stocks closed near session lows Tuesday. The Dow (-0.17%) and S&P 500 (-0.10%) finished lower, whereas the tech-heavy NASDAQ (+0.29%) reached a new record. Volatility took off from the very low levels it reached yesterday: the VIX added almost 2% and close just below 10 points. UVXY ETFs could not profit immediately from this rise of volatility (-0.48%). XIV ETNs reached another record high (+0.47%).
Danny Daredevil‘s RSS took a small step back and is now at 260%. By absence of a trading signal, Adventurous Anny‘s RSS remained unchanged at 22%. Solid Suzy and Lazy Larry took another small step to reach an RSS of 20% and are now at 19.77%.
None of our models gave a trading signal at the end of yesterday’s session.
RSS = Return Since Start | YTD = Year-To-Date | QTD = Quarter-To-Date | AAR = Average Annual Return
Meanwhile in Japan
At the time this blogpost gets published, René will be on his way from Osaka to Amsterdam. After a two-week Japan trip, he will arrive back home in the late evening (local time). As always, the inevitable jet lag will haunt him for quite a while though. It is not exceptional for him to sleep from 9 PM to 4 AM for several days, if not weeks, after his return. But sooner or later, his normal biorhythm will come back, and it will be ‘business as usual’ for René. In the meantime, waking up at 4 AM certainly has its merits. Before everyone else wakes up, there is a serene silence which encourages you to work undisturbed and in full concentration on whatever requires your full attention. And that is exactly what René can use these days.
Photos taken this morning, while flying over the mountains near Neryungri in the Sakha Republic, Russia.