Theresa May, prime minister of the UK, presented her plans for the British economy yesterday. The focus is on clean technologies, (health)care, transportation and artificial intelligence. Most persons involved in politics and business were not impressed. It is hard to regard May’s plans separately from Brexit. Former prime minister Michael Heseltine and another prominent Tory member, Anna Soubry, think that the best proposal would have been to reverse Brexit. May’s plans are supposed to make the British economy more productive. However, economists were the first to point out that the uncertainty that is surrounding Brexit will make companies reluctant to make the investments in research and development necessary for gains in productivity. More and more, the Brits are finding out that the burdens of an EU membership are much smaller than the benefits.
Stocks struggled to reach black figures and most stocks closed in the red. The S&P 500 lost 0.04% and the NASDAQ closed 0.15% lower. The Dow was able to record a small gain (+0.10%), however. Volatility was somewhat on the rise, with the VIX closing almost 2% higher. UVXY ETFs (-0.38%) and XIV ETNs (+0.32%) closed more or less unchanged. Danny Daredevil recorded a small loss and his RSS dropped to 8%. Adventurous Anny is still holding cash. Her RSS remained at 15%. Solid Suzy and Lazy Larry made a small gain and their RSS is another step closer to 80%.
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
Absolutely brilliant. That was René’s first reaction when he found out about the site ‘random-art.org‘, made by Andrej Bauer, professor of computational mathematics at the Faculty of Mathematics and Physics of the University of Ljubljana. Here, you can generate (semi) random works of visual art by typing in a self-chosen title. An algorithm will then use your title as a starting point from which a picture is generated. In Bauer’s own words: “The picture name is the seed for a pseudo-random number generator that is used to construct a mathematical formula. The formula determines the color of each pixel in the picture. The same name always determines the same sequence of random choices, and consequently the same formula and the same picture. [..] It may happen that two different names determine the same picture, although this is rather unlikely due to the large number of all possible pictures. It is hard to determine their precise number, but we may safely claim that there are more random pictures than there are atoms in the known universe.”
René had to try this out, and entered the title ‘These_Dutch_Guys’. The result is shown below.