20 September 2017: Data leaks

Two-thirds of companies which suffer data leaks, are confronted with a drop in share prices. Today, the Breach Level Index (BLI) was introduced, a global database that contains information on data leaks known to the public. IT consultant CGI and Oxford Economics calculated that 65 companies which fell victim to hackers stealing data, saw evaporate $52.4 billion of their market capitalization. One hacker can do more harm to stock markets than a North Korean ‘Rocket Man’… Publicly listed companies should not only fear the damage that is done by the data leaks themselves, but could also face legal actions by their shareholders holding them responsible for the depreciation of stocks.

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All three major US stock indices ended at all-time highs on Tuesday. Investors are awaiting the outcomes of the Federal Reserve’s two-day policy meeting that started yesterday. The Dow rose 0.18%, the S&P 500 added 0.11% and the NASDAQ gained 0.10%. Volatility hardly moved: the VIX rose 0.3%. UVXY ETFs followed suit and also added 0.3%. XIV ETNs recorded a small gain as well: 0.2%.
All of our models not in the possession of cash were winners today. Danny Daredevil‘s RSS rose to above 33%. Adventurous Anny is holding cash, so her RSS remained unchanged. Solid Suzy and Lazy Larry recorded a small gain: their RSS rose to 40.4%.
None of our models gave a trading signal at the end of yesterday’s session.

Model  Holds Start date

RSS

YTD

QTD

AAR

Danny Daredevil UVXY 1 January 2016

33.22%

-66.95%

-69.40%

18%

Adventurous Anny Cash 6 March 2017

3.84%

3.84%

-25.11%

7%

Solid Suzy XIV 6 March 2017

40.36%

40.36%

12.14%

87%

Lazy Larry
XIV 6 March 2017

40.36%

40.36%

12.14%

87%

RSS = Return Since Start | YTD = Year-To-Date | QTD = Quarter-To-Date | AAR = Average Annual Return

 

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A beautiful late summer day.
A wonderful place in nature with nobody around.
A couple of hours to spare.
A comfortable chair.
A book.
A bottle of water.
Some krentenbollen.
All conditions are met.
Basking in the warm glow of the sun,
René takes his mind off Danny for a moment,
and counts his blessings.