This week, US President Donald Trump will very likely announce who will be the next Chair of the Board of Governors of the Federal Reserve System. He or she will succeed Janet Yellen, whose four-year term will end on 3 February 2018. It is not very likely that President Trump will award Yellen another term. But it is not easy to forecast who will be Yellen’s successor. Sources close to the President say that he is changing his mind every day. Most likely candidate would be Jerome ‘Jay’ Powell, who has been working at the Fed as a governor since 2012. If he takes over the helm from Janet Yellen, it is very likely that he will continue her policy of treading carefully. Investors would welcome such a decision very much. But with Donald Trump you never know what to expect. His announcement of the next Fed Chair might as well be John Bowman, owner of the Nu Grille Cafe in Fort Scott, Kansas.
US stocks closed higher on Tuesday, with the NASDAQ ending at a record. All major indices experienced a strong October as quarterly results continued to support markets. Investors are now awaiting the outcomes of a Fed meeting today. The Dow gained 0.12%, the S&P 500 closed 0.09% higher and the NASDAQ climbed 0.43%. As a result, volatility eased. The VIX closed 3% lower. UVXY ETFs closed more than 3% lower. XIV ETNs gained almost 2%.
All of our models made gains yesterday. Danny Daredevil saw his RSS rise to 22%. Adventurous Anny‘s RSS climbed to 14%. Solid Suzy and Lazy Larry are getting closer to their all-time high. Their RSS closed a little under 68%.
RSS = Return Since Start | YTD = Year-To-Date | QTD = Quarter-To-Date | AAR = Average Annual Return
Two of our models gave a trading signal at the end of yesterday’s session: Danny Daredevil and Adventurous Anny. Danny switched from XIV ETNs to UVXY ETFs and Anny traded her XIV ETNs for cash at the opening of today’s session.
Meanwhile in Japan
Shiatsu (manipulative therapeutic massage) is a Japanese word.
Japan is a high tech society.
Japan is also a shopper’s heaven. Think of something — anything — and you will be able to buy it there.
And shopping in Japan often goes together with the concept of ‘try before you buy’.
When you put all the above together, you end up at the second floor of LABI, one of the largest consumer electronics retailers in Japan.
To be more precise: you end up in one of the dozens of advanced electronic massage chairs, on the second floor of LABI. They are all set up and working, waiting for you to try them out. And when you get a chance, you should try them out. They give you a rejuvenating, full-body shiatsu massage while you listen to your favorite music through the built in bluetooth speakers.
While René tried out the biggest one this afternoon, he made a quick calculation. He decided that $4,000 isn’t that expensive after all. If you take a professional massage every week, you break even in less than two years. Not only that, but this massage chair does a way better job than some professional masseurs, according to René. Well, maybe they were not the best ones, but they certainly were not the cheapest ones either.