What is with electric cars, that it looks like everybody’s working on them? Tesla has been one of the frontrunners. Traditional car makers will begin mass producing electric cars by the start of the next decade. Technology giants such as Apple and Google have also been working on them for years. Yesterday, James Dyson, who got famous with his vacuum cleaners that suck at hurricane level, sent an e-mail to his employees. He made it clear that Dyson has been working on its own electric car for more than two years and that the company will invest 1 billion euros in the development of the car and another billion in the improvement of battery technology. Get ready to hop on your electric broomstick…
Is it a matter of FOMO (Fear of Missing Out) or are electric cars really the next big thing in technology? Electric cars feel like they are something really old school with a new heart. Can electric cars really solve the mobility problems we see ourselves confronted with or should a paradigm shift take place?
US stocks closed mostly flat on Tuesday. The NASDAQ recorded a small gain (+0.15%) as technology stocks recovered some of the ground they lost during the previous trading days. The Dow closed 0.05% lower and the S&P 500 gained 0.01%. Volatility slightly eased: the VIX closed 0.4% lower. UVXY ETFs opened somewhat lower and ended the day with a loss of more than 2%. XIV ETNs opened higher and gained even more during the trading session (+1.2%).
Danny Daredevil sold his UVXY ETFs at the opening of the session with an interday loss of 1% and recovered only almost half of this loss during yesterday’s trading session. His RSS closed just below 34%. Adventurous Anny bought XIV ETNs at the start of yesterday’s session and closed slightly higher. Her RSS is above 4% now. Solid Suzy and Lazy Larry recorded a small gain for the day. Their RSS closed above 40%.
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
After searching for a rare type of light bulb to replace the old one in his desk lamp, Tim found himself in the vicinity of Museum De Pont yesterday. He took his Museum Card from his wallet and decided to spend some time in this museum for contemporary art. The museum is not only celebrating its 25th anniversary this year (take a look at this blogpost for more on that), but a new wing that was opened not so long ago added to the festive feeling Tim got while entering the museum. The new wing is almost fully dedicated to video art. Two of Tim’s favorite pieces of video art are on display at the moment: The Greeting by Bill Viola and Win, Place or Show by Stan Douglas. The hallways of the new wing give you the feeling that you, and other visitors, are part of a video installation.