To the left is the cover of the issue of Newsweek that was published 30 years ago: “Trump: A Billion-Dollar Empire and an Ego to Match”. (Click on the image to view the full cover.) Copies of the magazine hit the shelves of bookstores and supermarkets only three weeks before US stock markets made the deepest one-day percentage drop in history. Below, the two graphs depict the evolution of the S&P 500 in 1987 and 2017, respectively. Find ten differences... (Hint: only one can be found. Check out the far-right side of the second graph.)
US stocks closed higher Monday, with all three major indexes reaching record highs. Investors are eagerly awaiting more results during earnings season. The Dow rose 0.37%, the S&P 500 added 0.18% and the NASDAQ climbed 0.28%. The VIX is zigzagging and ended the trading session at 9.91 points yesterday. Its previous closes were at 9.61, 9.91 and 9.85 points. UVXY ETFs could not profit from the slight rise in volatility and lost more than 3%. XIV ETNs closed almost 2% higher.
Danny Daredevil was yesterday’s main victim. His RSS dropped to 11%. Adventurous Anny is still holding cash. Solid Suzy and Lazy Larry saw their RSS rise to 64%. Their AAR is closing in on 125%.
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
A one-minute strip generator production (II)
By popular demand, another episode of a series that is powered by stripgenerator.com and which level of corniness is without comparison.