Donald Trump’s presidency is still surrounded by a lot of uncertainty. The Russian thing is like a festering sore that could paralyze all decision-making in Washington. But stock investors do not seem to worry about it. For the moment, they care more about the state of the US economy, which they judge as (more than) promising. But Forex traders, people who are active at foreign exchange markets and deal in currencies, have a different take on this. The US dollar has been under pressure against other major currencies such as the euro, the pound, and the yen, since the beginning of this year. The good mood that surrounded the election of Donald Trump has been replaced by frowning eyebrows. A weak currency usually forecasts trouble for an economy in the long run. There may be, however, a positive side to it for the short term: a weak dollar makes products from the US cheaper to the rest of the world. For the time being, it may help President Trump to make America great again.
The S&P 500 and the NASDAQ closed at record highs Tuesday. The Dow also recorded a gain, but closed just below its record high. Most companies which shared their earnings of last quarter with the world reported better-than-expected results. The Dow rose 0.47%, the S&P 500 gained 0.29%, and the NASDAQ added ‘just’ 0.02%.
Volatility stabilized: the VIX closed at the extremely low level of 9.43 points. UVXY ETFs were able to close on the positive site since long: they rose 1.18%. XIV ETNs were down 0.42%.
Danny Daredevil recorded a gain after almost three weeks of losing sessions. His RSS rose to 187%. Adventurous Anny is still holding cash. Her RSS remained at 33%. Solid Suzy and Lazy Larry had to take a (small) step back after more than two weeks of gains. Their RSS closed at 43%.
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
As you walk through the city, you notice a billboard attached to a bus stop. It displays a brand name, followed by the text ‘find your beautiful’. And it makes you wonder. A typo on an advertising medium? That surely is an expensive blunder. They must have meant something in the likes of ‘find your beauty.’ Or — less likely — ‘finds you beautiful’, or even ‘find out you’re beautiful’. No matter what, all possible options just don’t add up. The nonsensicality of many billboards, and this one in particular, irritates you.
But then it dawns on you. How long have you been trying to warp your brains around this billboard? Exactly. The brand’s marketing department knows very well what it is doing.
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