Clearly, Donald Trump is not an insider to Washington. Outsiders bring something different to the game, often refreshing, sometimes surprising. Nevertheless, it is very remarkable how the Donald appears to be getting away with anything he does. Whether it is something offensive he says, bullying or plain lying: it appears not to bother him at all. Even a proven collaboration with representatives of a country that used to be the archenemy of the United States does not let all hell break loose. It makes you wonder: what does it take to bring Donald Trump to his knees?
US markets initially turned negative at the beginning of yesterday’s session, because of news about a meeting of Donald Trump Jr. with the Russians during the Presidential election campaign. But at the end of the day, not much damage was done. The Dow closed unchanged, the S&P 500 lost 0.08% and the NASDAQ gained 0.27%. Volatility eased: the VIX closed 2% lower and XIV ETNs gained half a percent. UVXY ETFs lost almost one percent.
Danny Daredevil is holding UVXY ETFs and his RSS dropped to 281%. Adventurous Anny‘s RSS remained at 32%. Solid Suzy and Lazy Larry booked a small gain. Their RSS is now very close to 25%.
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
This morning, the sun was shining in most countries in Europe. But in the Netherlands, it was a different story. Here, it was raining ‘cats ‘n dogs’. Heavy downpour lashed the country, causing minor traffic snarl-ups and waterlogging in various pockets in the city streets. Already in the early afternoon, 12 July 2017 was officially the wettest day in July in the recent seventeen years. In case you wonder where the Netherlands is on the map: precisely there, where the most rainfall occurs. Commuters and holiday goers are not amused. But farmers have been waiting for this moment for quite a while.
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