US President Donald Trump did his best yesterday to breathe new life into a not so inspiring holiday period. While looking straight into the camera from the grounds of the Trump National Golf Club in New Jersey, Donald Trump said: “They will be met with fire, fury, and frankly power, the likes of which this world has never seen before.” His remarks were aimed at Kim Jong Un, North Korea’s leader, but it could as well have been an online audition for a leading role in a new series of Game of Thrones. Stock investors immediately reacted: major indices turned from green to red and volatility shot up. It is a typical pattern. The markets will be anxious for a couple of days and after that they will return to their initial state of summery inertia. And Donald can direct his attention back to making a hole-in-one instead of a hole-in-un…
US stocks closed lower on Tuesday. Investors were scared by Donald Trump’s strong words directed toward North Korea. All major indices were in the green for the first part of yesterday’s session, but went south after Trump’s statement from his golf club. The S&P 500 lost 0.24%, the Dow closed 0.15% lower and the NASDAQ slid 0.21%. Naturally, volatility was on the rise. The VIX added more than 10%. UVXY ETFs profited and gained more than 5%. XIV ETNs lost almost 3%.
All of our models had a bad day yesterday. Danny Daredevil‘s RSS dropped to 187%. Adventurous Anny saw her RSS slide to 30%. The return of Solid Suzy and Lazy Larry since their start closed below 40% at 39.10%.
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
Some people throw away everything they don’t need, like or have space for anymore. René is different in that respect. Recently, someone told him, “I throw away everything that I don’t use for at least a year.” To which he replied, “So you buy new Christmas decorations every year?”
Every once in a while, René visits his storage space, a 30 square meter garage box in Zundert. The dusty cardboard boxes piled up over there, are always good for a surprise or two. His most recent find is a package which contained all his agendas from high school. In one of these, he found the following note he scribbled down in capital letters at age 16: “DEPARTURE, MOODY BLUES”.
The first surprise was the fact, that he had totally forgotten about this song since. The second, its lyrics: Be it sight, sound, the smell, the touch / There’s something / Inside that we need so much / The sight of a touch, or the scent of a sound / Or the strength of an Oak with roots deep in the ground / The wonder of flowers, to be covered, and then to burst up / Thru tarmack, to the sun again / Or to fly to the sun without burning a wing / To lie in the meadow and hear the grass sing / To have all these things in our memories hoard / And to use them / To help us / To find…
René decided that this was all he needed to make him start (re)discover the Moody Blues.