Not so long ago, Angela Merkel appeared to be the savior of Germany and Europe. But after the failed negotiations to form a new German government, everything seems to be different. This is probably not what the unstable political situation in Europe needs. After the election of Emmanuel Macron in France, there was this promise that the strong French-German axis would reemerge. But it is now the most stable European country of recent decades that is making waves. Will the political situation in German harm the fragile economic growth in the European Union?
Corporate earnings and prospects for tax cuts drove US stock markets higher yesterday. The S&P 500 gained 0.13%, the NASDAQ added 0.12% and the Dow closed even 0.31% higher. Volatility eased strongly: the VIX closed almost 7% lower. UVXY ETFs paid the price and lost more than 6%. XIV ETNs added another 3%.
Danny Daredevil had a bad day: his RSS dropped to 21%. Adventurous Anny is still holding cash. Her RSS remained at 15%. Solid Suzy and Lazy Larry are getting closer and closer to an RSS of 70%.
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
The Chapel Family – Episode 14
It’s raining. Anny, Suzy and Larry are seated quietly around the kitchen table. The table is set up for breakfast, but no one is eating or drinking. It looks like they have not much appetite. A couple of minutes pass, in which nothing happens. The rain intensifies, drumming violently against the window. There’s a milk carton on the table with someone’s picture printed on the back. The person in the picture bears a striking similarity to Danny.