12 December 2017: Japan is back

After a period of stagnation that appeared to last ages, the Japanese economy is back on track. It recorded its seventh straight quarter of growth and stocks are getting more expensive. Japan: the land of the rising stock prices. Professional investors, who had ignored Japanese stocks for more than two decades, are returning to the Japanese stock markets. Prime minister Shinzo Abe and his so-called Abenomics look to be successful in refueling the Japanese economy. The Central Bank of Japan has been buying bonds and stocks with a staggering diligence. Together with a cultural change within Japanese companies, these measures are making these companies more profitable. The third-largest economy in the world is a sleeping giant that is quickly awakening.

white-chapel-logo-smallThe S&P 500 and the Dow closed at fresh records on Monday. The S&P 500 gained 0.3% and the Dow closed 0.2% higher. The NASDAQ ended the trading session just below another record and won 0.5%. Volatility eased further: the VIX lost another 2.3%. UVXY ETFs closed more than 6% lower. XIV ETNs gained more than 3.5%.
Danny Daredevil had to give up all of the gains he made with his previous trade. His RSS is back at 12%. Adventurous Anny made a small profit when selling her XIV ETNs at yesterday’s open and is now holding cash. Her RSS climbed with half a percentage point to 23%. Solid Suzy and Lazy Larry took another hurdle: their RSS is now for the first time above 90%. Their RSS closed at 92%.
None of our models gave a trading signal at the end of yesterday’s session.

Model Holds Start date

RSS

YTD

QTD

AAR

Danny Daredevil UVXY 1 January 2016

12.48%

-72.10%

-19.27%

6%

Adventurous Anny Cash 6 March 2017

22.91%

22.91%

13.28%

31%

Solid Suzy XIV 6 March 2017

92.11%

92.11%

31.33%

134%

Lazy Larry
XIV 6 March 2017

92.11%

92.11%

31.33%

134%

RSS = Return Since Start | YTD = Year-To-Date | QTD = Quarter-To-Date | AAR = Average Annual Return

 

RS_v05-small

Just as René was taking this picture of a snowy street in Breda, a snowman suddenly jumped into the frame.
René isn’t particularly fond of snowmen.
That has nothing to do with their attitude of always having to prove oneself, thinking they’re awful funny.
It has more to do with the weather type that brought them into existence. The sub-zero temperature, and what that does with the rain.
For René, the countdown to Spring has already started.
According to this online ‘Countdown to Spring’ timer (with bird sounds!), his patience will be tested though.
97 days, 7 hours and 48 minutes is a pretty long wait.