


<!-- Facebook Pixel Code -->
<script>
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,
document,'script','https://connect.facebook.net/en_US/fbevents.js');

fbq('init', '2063495577209141');
fbq('track', "PageView");</script>
<noscript><img height="1" width="1" style="display:none"
src="https://www.facebook.com/tr?id=2063495577209141&ev=PageView&noscript=1"
/></noscript>
<!-- End Facebook Pixel Code -->

<!-- Center Tracking Code -->

<script>
  (function(a,c,d,b,e,f){a[d]=b;a[b]||(a[b]=function(){a[b].q=a[b].q||[];a[b].q.push(arguments)},d=c.createElement(e),d.async=!0,d.src=f,c=c.getElementsByTagName(e)[0],c.parentNode.insertBefore(d,c))})(window,document,"LeadPagesCenterObject","center","script","https://js.center.io/center.js");
  center("create", "CDf2bxwHuPth5n8nFvSXkj");
  center("send", "view");
</script>

<!-- End Center Tracking Code -->



<!DOCTYPE html>
<!--[if IE 9]><html class="no-js ie9" lang="en-US"><![endif]-->
<!--[if gt IE 9]><!--><html class="no-js" lang="en-US"><!--<![endif]-->

<head>
  
<meta charset="UTF-8">
<meta name="viewport" content="width=device-width, initial-scale=1.0">
<title>Hurricane Harvey as a mini-stress test | Humble Student of the Markets</title>
<link rel="pingback" href=""><link rel="apple-touch-icon-precomposed" href="//humblestudentofthemarkets.com/wp-content/uploads/2015/10/Cam-icon.jpg"><meta name="msapplication-TileColor" content="#ffffff"><meta name="msapplication-TileImage" content="//humblestudentofthemarkets.com/wp-content/uploads/2015/11/Logo-e1448601690949.jpg"><script>var isUserLoggedIn = '';</script><link rel='dns-prefetch' href='//s0.wp.com' />
<link rel='dns-prefetch' href='//secure.gravatar.com' />
<link rel='dns-prefetch' href='//fonts.googleapis.com' />
<link rel='dns-prefetch' href='//s.w.org' />
<link rel="alternate" type="application/rss+xml" title="Humble Student of the Markets &raquo; Feed" href="https://humblestudentofthemarkets.com/feed/" />
<link rel="alternate" type="application/rss+xml" title="Humble Student of the Markets &raquo; Comments Feed" href="https://humblestudentofthemarkets.com/comments/feed/" />
<link rel="alternate" type="application/rss+xml" title="Humble Student of the Markets &raquo; Hurricane Harvey as a mini-stress test Comments Feed" href="https://humblestudentofthemarkets.com/2017/08/28/hurricane-harvey-as-a-mini-stress-test/feed/" />
		<script type="text/javascript">
			window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/2.4\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/2.4\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/humblestudentofthemarkets.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=4.9.3"}};
			!function(a,b,c){function d(a,b){var c=String.fromCharCode;l.clearRect(0,0,k.width,k.height),l.fillText(c.apply(this,a),0,0);var d=k.toDataURL();l.clearRect(0,0,k.width,k.height),l.fillText(c.apply(this,b),0,0);var e=k.toDataURL();return d===e}function e(a){var b;if(!l||!l.fillText)return!1;switch(l.textBaseline="top",l.font="600 32px Arial",a){case"flag":return!(b=d([55356,56826,55356,56819],[55356,56826,8203,55356,56819]))&&(b=d([55356,57332,56128,56423,56128,56418,56128,56421,56128,56430,56128,56423,56128,56447],[55356,57332,8203,56128,56423,8203,56128,56418,8203,56128,56421,8203,56128,56430,8203,56128,56423,8203,56128,56447]),!b);case"emoji":return b=d([55357,56692,8205,9792,65039],[55357,56692,8203,9792,65039]),!b}return!1}function f(a){var c=b.createElement("script");c.src=a,c.defer=c.type="text/javascript",b.getElementsByTagName("head")[0].appendChild(c)}var g,h,i,j,k=b.createElement("canvas"),l=k.getContext&&k.getContext("2d");for(j=Array("flag","emoji"),c.supports={everything:!0,everythingExceptFlag:!0},i=0;i<j.length;i++)c.supports[j[i]]=e(j[i]),c.supports.everything=c.supports.everything&&c.supports[j[i]],"flag"!==j[i]&&(c.supports.everythingExceptFlag=c.supports.everythingExceptFlag&&c.supports[j[i]]);c.supports.everythingExceptFlag=c.supports.everythingExceptFlag&&!c.supports.flag,c.DOMReady=!1,c.readyCallback=function(){c.DOMReady=!0},c.supports.everything||(h=function(){c.readyCallback()},b.addEventListener?(b.addEventListener("DOMContentLoaded",h,!1),a.addEventListener("load",h,!1)):(a.attachEvent("onload",h),b.attachEvent("onreadystatechange",function(){"complete"===b.readyState&&c.readyCallback()})),g=c.source||{},g.concatemoji?f(g.concatemoji):g.wpemoji&&g.twemoji&&(f(g.twemoji),f(g.wpemoji)))}(window,document,window._wpemojiSettings);
		</script>
		<style type="text/css">
img.wp-smiley,
img.emoji {
	display: inline !important;
	border: none !important;
	box-shadow: none !important;
	height: 1em !important;
	width: 1em !important;
	margin: 0 .07em !important;
	vertical-align: -0.1em !important;
	background: none !important;
	padding: 0 !important;
}
</style>
<link rel='stylesheet' id='my_style-css'  href='https://humblestudentofthemarkets.com/wp-content/themes/x-child/js/jquery-ui.min.css?ver=4.9.3' type='text/css' media='all' />
<link rel='stylesheet' id='cntctfrm_form_style-css'  href='https://humblestudentofthemarkets.com/wp-content/plugins/contact-form-plugin/css/form_style.css?ver=4.0.9' type='text/css' media='all' />
<link rel='stylesheet' id='tve_style_family_tve_flt-css'  href='https://humblestudentofthemarkets.com/wp-content/plugins/thrive-visual-editor/editor/css/thrive_flat.css?ver=2.0.22' type='text/css' media='all' />
<link rel='stylesheet' id='tve_leads_forms-css'  href='//humblestudentofthemarkets.com/wp-content/plugins/thrive-leads/editor-layouts/css/frontend.css?ver=2.0.24' type='text/css' media='all' />
<link rel='stylesheet' id='tve-leads-font-273e5a04440549b4af13b50a0afd3966-css'  href='//fonts.googleapis.com/css?family=Roboto%3A400%2C300%2C500%2C700&#038;ver=4.9.3' type='text/css' media='all' />
<link rel='stylesheet' id='tve-leads-22_set-css'  href='//humblestudentofthemarkets.com/wp-content/plugins/thrive-leads/editor-templates/_form_css/22_set.css?ver=2.0.24' type='text/css' media='all' />
<link rel='stylesheet' id='thrive_icon_pack-css'  href='//humblestudentofthemarkets.com/wp-content/uploads/2016/08/icomoon69400/style.css?ver=7.17' type='text/css' media='all' />
<link rel='stylesheet' id='wc-memberships-frontend-css'  href='https://humblestudentofthemarkets.com/wp-content/plugins/woocommerce-memberships/assets/css/frontend/wc-memberships-frontend.min.css?ver=1.8.6' type='text/css' media='all' />
<link rel='stylesheet' id='x-stack-css'  href='https://humblestudentofthemarkets.com/wp-content/themes/x/framework/css/dist/site/stacks/ethos.css?ver=4.6.4' type='text/css' media='all' />
<link rel='stylesheet' id='x-child-css'  href='https://humblestudentofthemarkets.com/wp-content/themes/x-child/style.css?ver=4.6.4' type='text/css' media='all' />
<link rel='stylesheet' id='x-bbpress-css'  href='https://humblestudentofthemarkets.com/wp-content/themes/x/framework/css/dist/site/bbpress/ethos.css?ver=4.6.4' type='text/css' media='all' />
<link rel='stylesheet' id='x-woocommerce-css'  href='https://humblestudentofthemarkets.com/wp-content/themes/x/framework/css/dist/site/woocommerce/ethos.css?ver=4.6.4' type='text/css' media='all' />
<link rel='stylesheet' id='x-google-fonts-css'  href='//fonts.googleapis.com/css?family=Nothing+You+Could+Do%3A400%7CABeeZee%3A400&#038;subset=latin%2Clatin-ext&#038;ver=4.6.4' type='text/css' media='all' />
<link rel='stylesheet' id='mc4wp-form-basic-css'  href='https://humblestudentofthemarkets.com/wp-content/plugins/mailchimp-for-wp/assets/css/form-basic.min.css?ver=4.1.15' type='text/css' media='all' />
<link rel='stylesheet' id='social-logos-css'  href='https://humblestudentofthemarkets.com/wp-content/plugins/jetpack/_inc/social-logos/social-logos.min.css?ver=1' type='text/css' media='all' />
<link rel='stylesheet' id='jetpack_css-css'  href='https://humblestudentofthemarkets.com/wp-content/plugins/jetpack/css/jetpack.css?ver=5.8' type='text/css' media='all' />
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-includes/js/jquery/jquery.js?ver=1.12.4'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-includes/js/jquery/jquery-migrate.min.js?ver=1.4.1'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/themes/x-child/js/jquery-ui.min.js?ver=1.0'></script>
<script type='text/javascript'>
/* <![CDATA[ */
var related_posts_js_options = {"post_heading":"h4"};
/* ]]> */
</script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/jetpack/_inc/build/related-posts/related-posts.min.js?ver=20150408'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/themes/x/framework/js/dist/site/x-head.min.js?ver=4.6.4'></script>
<link rel='https://api.w.org/' href='https://humblestudentofthemarkets.com/wp-json/' />
<link rel="canonical" href="https://humblestudentofthemarkets.com/2017/08/28/hurricane-harvey-as-a-mini-stress-test/" />
<link rel='shortlink' href='https://wp.me/p9APSI-2WU' />
<link rel="alternate" type="application/json+oembed" href="https://humblestudentofthemarkets.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fhumblestudentofthemarkets.com%2F2017%2F08%2F28%2Fhurricane-harvey-as-a-mini-stress-test%2F" />
<link rel="alternate" type="text/xml+oembed" href="https://humblestudentofthemarkets.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fhumblestudentofthemarkets.com%2F2017%2F08%2F28%2Fhurricane-harvey-as-a-mini-stress-test%2F&#038;format=xml" />

<link rel='dns-prefetch' href='//v0.wordpress.com'/>
<link rel='dns-prefetch' href='//widgets.wp.com'/>
<link rel='dns-prefetch' href='//s0.wp.com'/>
<link rel='dns-prefetch' href='//0.gravatar.com'/>
<link rel='dns-prefetch' href='//1.gravatar.com'/>
<link rel='dns-prefetch' href='//2.gravatar.com'/>
<link rel='dns-prefetch' href='//i0.wp.com'/>
<link rel='dns-prefetch' href='//i1.wp.com'/>
<link rel='dns-prefetch' href='//i2.wp.com'/>
<style type='text/css'>img#wpstats{display:none}</style>	<noscript><style>.woocommerce-product-gallery{ opacity: 1 !important; }</style></noscript>
	<meta name="description" content="Q: What&#039;s George W. Bush position on Roe vs. Wade? A: He doesn&#039;t care how people get out of New Orleans after Katrina. - Joke that circulated in the aftermath of Hurricane Kartina There are many stories coming out in the wake of Hurricane Harvey that hit Texas. I was most struck by this BBC&hellip;" />

<!-- Jetpack Open Graph Tags -->
<meta property="og:type" content="article" />
<meta property="og:title" content="Hurricane Harvey as a mini-stress test" />
<meta property="og:url" content="https://humblestudentofthemarkets.com/2017/08/28/hurricane-harvey-as-a-mini-stress-test/" />
<meta property="og:description" content="Q: What&#8217;s George W. Bush position on Roe vs. Wade? A: He doesn&#8217;t care how people get out of New Orleans after Katrina. &#8211; Joke that circulated in the aftermath of Hurricane Kartina…" />
<meta property="article:published_time" content="2017-08-28T20:24:32+00:00" />
<meta property="article:modified_time" content="2017-09-10T21:04:14+00:00" />
<meta property="og:site_name" content="Humble Student of the Markets" />
<meta property="og:image" content="https://1.bp.blogspot.com/-oe-CdTrkCjQ/WaR6CPMMR4I/AAAAAAAAYaY/K8HI7zhw5yck5g2DXgisLHOc8oDy-GWrACLcBGAs/s640/HYG%2Bvs%2BIEI.png" />
<meta property="og:image:width" content="640" />
<meta property="og:image:height" content="281" />
<meta property="og:locale" content="en_US" />
<meta name="twitter:text:title" content="Hurricane Harvey as a mini-stress test" />
<meta name="twitter:card" content="summary" />
<style id="x-generated-css" type="text/css">a,h1 a:hover,h2 a:hover,h3 a:hover,h4 a:hover,h5 a:hover,h6 a:hover,.x-breadcrumb-wrap a:hover,.x-comment-author a:hover,.x-comment-time:hover,.p-meta > span > a:hover,.format-link .link a:hover,.x-main .widget ul li a:hover,.x-main .widget ol li a:hover,.x-main .widget_tag_cloud .tagcloud a:hover,.x-sidebar .widget ul li a:hover,.x-sidebar .widget ol li a:hover,.x-sidebar .widget_tag_cloud .tagcloud a:hover,.x-portfolio .entry-extra .x-ul-tags li a:hover{color:#1a14cc;}a:hover{color:#d80f0f;}.woocommerce .price > .amount,.woocommerce .price > ins > .amount,.woocommerce .star-rating:before,.woocommerce .star-rating span:before{color:#1a14cc;}a.x-img-thumbnail:hover{border-color:#1a14cc;}.woocommerce .onsale,.widget_price_filter .ui-slider .ui-slider-range{background-color:#1a14cc;}.x-main{width:82%;}.x-sidebar{width:18%;}.x-post-slider-archive-active .x-container.main:before{top:0;}.x-content-sidebar-active .x-container.main:before{right:18%;}.x-sidebar-content-active .x-container.main:before{left:18%;}.x-full-width-active .x-container.main:before{left:-5000em;}.x-navbar .desktop .x-nav > li > a,.x-navbar .desktop .sub-menu a,.x-navbar .mobile .x-nav li > a,.x-breadcrumb-wrap a,.x-breadcrumbs .delimiter{color:#ffffff;}.x-topbar .p-info a:hover,.x-social-global a:hover,.x-navbar .desktop .x-nav > li > a:hover,.x-navbar .desktop .x-nav > .x-active > a,.x-navbar .desktop .x-nav > .current-menu-item > a,.x-navbar .desktop .sub-menu a:hover,.x-navbar .desktop .sub-menu .x-active > a,.x-navbar .desktop .sub-menu .current-menu-item > a,.x-navbar .desktop .x-nav .x-megamenu > .sub-menu > li > a,.x-navbar .mobile .x-nav li > a:hover,.x-navbar .mobile .x-nav .x-active > a,.x-navbar .mobile .x-nav .current-menu-item > a,.x-widgetbar .widget a:hover,.x-colophon .widget a:hover,.x-colophon.bottom .x-colophon-content a:hover,.x-colophon.bottom .x-nav a:hover{color:#ffffff;}.x-navbar .desktop .x-nav > li > a:hover,.x-navbar .desktop .x-nav > .x-active > a,.x-navbar .desktop .x-nav > .current-menu-item > a{box-shadow:0 2px 0 0 #1a14cc;}.x-navbar .desktop .x-nav > li > a{height:60px;padding-top:37px;}.x-navbar-fixed-top-active .x-navbar-wrap{margin-bottom:2px;}.x-navbar .desktop .x-nav > li ul{top:62px;}.h-landmark,.x-main .h-widget,.x-main .h-widget a.rsswidget,.x-main .h-widget a.rsswidget:hover,.x-main .widget.widget_pages .current_page_item a,.x-main .widget.widget_nav_menu .current-menu-item a,.x-main .widget.widget_pages .current_page_item a:hover,.x-main .widget.widget_nav_menu .current-menu-item a:hover,.x-sidebar .h-widget,.x-sidebar .h-widget a.rsswidget,.x-sidebar .h-widget a.rsswidget:hover,.x-sidebar .widget.widget_pages .current_page_item a,.x-sidebar .widget.widget_nav_menu .current-menu-item a,.x-sidebar .widget.widget_pages .current_page_item a:hover,.x-sidebar .widget.widget_nav_menu .current-menu-item a:hover{color:#333333;}.x-main .widget,.x-main .widget a,.x-main .widget ul li a,.x-main .widget ol li a,.x-main .widget_tag_cloud .tagcloud a,.x-main .widget_product_tag_cloud .tagcloud a,.x-main .widget a:hover,.x-main .widget ul li a:hover,.x-main .widget ol li a:hover,.x-main .widget_tag_cloud .tagcloud a:hover,.x-main .widget_product_tag_cloud .tagcloud a:hover,.x-main .widget_shopping_cart .buttons .button,.x-main .widget_price_filter .price_slider_amount .button,.x-sidebar .widget,.x-sidebar .widget a,.x-sidebar .widget ul li a,.x-sidebar .widget ol li a,.x-sidebar .widget_tag_cloud .tagcloud a,.x-sidebar .widget_product_tag_cloud .tagcloud a,.x-sidebar .widget a:hover,.x-sidebar .widget ul li a:hover,.x-sidebar .widget ol li a:hover,.x-sidebar .widget_tag_cloud .tagcloud a:hover,.x-sidebar .widget_product_tag_cloud .tagcloud a:hover,.x-sidebar .widget_shopping_cart .buttons .button,.x-sidebar .widget_price_filter .price_slider_amount .button{color:#333333;}.x-main .h-widget,.x-main .widget.widget_pages .current_page_item,.x-main .widget.widget_nav_menu .current-menu-item,.x-sidebar .h-widget,.x-sidebar .widget.widget_pages .current_page_item,.x-sidebar .widget.widget_nav_menu .current-menu-item{border-color:#333333;}.x-topbar,.x-colophon.bottom{background-color:#222222;}.x-logobar,.x-navbar,.x-navbar .sub-menu,.x-colophon.top{background-color:#333333;}.x-post-slider{height:425px;}.archive .x-post-slider{height:425px;}.x-post-slider .x-post-slider-entry{padding-bottom:425px;}.archive .x-post-slider .x-post-slider-entry{padding-bottom:425px;}.format-link .link a,.x-portfolio .entry-extra .x-ul-tags li a{color:#000000;}.p-meta > span > a,.x-nav-articles a,.entry-top-navigation .entry-parent,.option-set .x-index-filters,.option-set .x-portfolio-filters,.option-set .x-index-filters-menu >li >a:hover,.option-set .x-index-filters-menu >li >a.selected,.option-set .x-portfolio-filters-menu > li > a:hover,.option-set .x-portfolio-filters-menu > li > a.selected{color:#000000;}.x-nav-articles a,.entry-top-navigation .entry-parent,.option-set .x-index-filters,.option-set .x-portfolio-filters,.option-set .x-index-filters i,.option-set .x-portfolio-filters i{border-color:#000000;}.x-nav-articles a:hover,.entry-top-navigation .entry-parent:hover,.option-set .x-index-filters:hover i,.option-set .x-portfolio-filters:hover i{background-color:#000000;}@media (max-width:979px){.x-navbar-fixed-top-active .x-navbar-wrap{margin-bottom:0;}.x-content-sidebar-active .x-container.main:before,.x-sidebar-content-active .x-container.main:before{left:-5000em;}body .x-main .widget,body .x-main .widget a,body .x-main .widget a:hover,body .x-main .widget ul li a,body .x-main .widget ol li a,body .x-main .widget ul li a:hover,body .x-main .widget ol li a:hover,body .x-sidebar .widget,body .x-sidebar .widget a,body .x-sidebar .widget a:hover,body .x-sidebar .widget ul li a,body .x-sidebar .widget ol li a,body .x-sidebar .widget ul li a:hover,body .x-sidebar .widget ol li a:hover{color:#000000;}body .x-main .h-widget,body .x-main .widget.widget_pages .current_page_item a,body .x-main .widget.widget_nav_menu .current-menu-item a,body .x-main .widget.widget_pages .current_page_item a:hover,body .x-main .widget.widget_nav_menu .current-menu-item a:hover,body .x-sidebar .h-widget,body .x-sidebar .widget.widget_pages .current_page_item a,body .x-sidebar .widget.widget_nav_menu .current-menu-item a,body .x-sidebar .widget.widget_pages .current_page_item a:hover,body .x-sidebar .widget.widget_nav_menu .current-menu-item a:hover{color:#000000;}body .x-main .h-widget,body .x-main .widget.widget_pages .current_page_item,body .x-main .widget.widget_nav_menu .current-menu-item,body .x-sidebar .h-widget,body .x-sidebar .widget.widget_pages .current_page_item,body .x-sidebar .widget.widget_nav_menu .current-menu-item{border-color:#000000;}}@media (max-width:767px){.x-post-slider,.archive .x-post-slider{height:auto !important;}.x-post-slider .x-post-slider-entry,.archive .x-post-slider .x-post-slider-entry{padding-bottom:65% !important;}}body{font-size:14px;font-style:normal;font-weight:400;color:#000000;background-color:#aab5bf;}a:focus,select:focus,input[type="file"]:focus,input[type="radio"]:focus,input[type="submit"]:focus,input[type="checkbox"]:focus{outline:thin dotted #333;outline:5px auto #1a14cc;outline-offset:-1px;}h1,h2,h3,h4,h5,h6,.h1,.h2,.h3,.h4,.h5,.h6{font-family:Arial,"Helvetica Neue",Helvetica,sans-serif;font-style:italic;font-weight:400;}h1,.h1{letter-spacing:-0.035em;}h2,.h2{letter-spacing:-0.035em;}h3,.h3{letter-spacing:-0.035em;}h4,.h4{letter-spacing:-0.035em;}h5,.h5{letter-spacing:-0.035em;}h6,.h6{letter-spacing:-0.035em;}.w-h{font-weight:400 !important;}.x-container.width{width:88%;}.x-container.max{max-width:1200px;}.site,.x-navbar.x-navbar-fixed-top.x-container.max.width{width:88%;max-width:1200px;}.x-main.full{float:none;display:block;width:auto;}@media (max-width:979px){.x-main.full,.x-main.left,.x-main.right,.x-sidebar.left,.x-sidebar.right{float:none;display:block;width:auto !important;}}.entry-header,.entry-content{font-size:14px;}body,input,button,select,textarea{font-family:Arial,"Helvetica Neue",Helvetica,sans-serif;}h1,h2,h3,h4,h5,h6,.h1,.h2,.h3,.h4,.h5,.h6,h1 a,h2 a,h3 a,h4 a,h5 a,h6 a,.h1 a,.h2 a,.h3 a,.h4 a,.h5 a,.h6 a,blockquote{color:#000000;}.cfc-h-tx{color:#000000 !important;}.cfc-h-bd{border-color:#000000 !important;}.cfc-h-bg{background-color:#000000 !important;}.cfc-b-tx{color:#000000 !important;}.cfc-b-bd{border-color:#000000 !important;}.cfc-b-bg{background-color:#000000 !important;}.x-btn-widgetbar{border-top-color:#000000;border-right-color:#000000;}.x-btn-widgetbar:hover{border-top-color:#444444;border-right-color:#444444;}body.x-navbar-fixed-top-active .x-navbar-wrap{height:60px;}.x-navbar-inner{min-height:60px;}.x-logobar-inner{padding-top:15px;padding-bottom:15px;}.x-brand{font-family:"Nothing You Could Do",handwriting;font-size:42px;font-style:normal;font-weight:400;letter-spacing:-0.035em;color:#ffffff;}.x-brand:hover,.x-brand:focus{color:#ffffff;}.x-navbar .x-nav-wrap .x-nav > li > a{font-family:"ABeeZee",sans-serif;font-style:normal;font-weight:400;letter-spacing:0.085em;text-transform:uppercase;}.x-navbar .desktop .x-nav > li > a{font-size:10px;}.x-navbar .desktop .x-nav > li > a:not(.x-btn-navbar-woocommerce){padding-left:20px;padding-right:20px;}.x-navbar .desktop .x-nav > li > a > span{margin-right:-0.085em;}.x-btn-navbar{margin-top:20px;}.x-btn-navbar,.x-btn-navbar.collapsed{font-size:24px;}@media (max-width:979px){.x-navbar.x-navbar-fixed-top.x-container.max.width{left:0;right:0;width:100%;}body.x-navbar-fixed-top-active .x-navbar-wrap{height:auto;}.x-widgetbar{left:0;right:0;}}.x-btn,.button,[type="submit"]{color:#ffffff;border-color:#000000;background-color:#9e9e9e;margin-bottom:0.25em;text-shadow:0 0.075em 0.075em rgba(0,0,0,0.5);box-shadow:0 0.25em 0 0 #000000,0 4px 9px rgba(0,0,0,0.75);border-radius:0.25em;}.x-btn:hover,.button:hover,[type="submit"]:hover{color:#ffffff;border-color:#ffffff;background-color:#82a0bf;margin-bottom:0.25em;text-shadow:0 0.075em 0.075em rgba(0,0,0,0.5);box-shadow:0 0.25em 0 0 #ffffff,0 4px 9px rgba(0,0,0,0.75);}.x-btn.x-btn-real,.x-btn.x-btn-real:hover{margin-bottom:0.25em;text-shadow:0 0.075em 0.075em rgba(0,0,0,0.65);}.x-btn.x-btn-real{box-shadow:0 0.25em 0 0 #000000,0 4px 9px rgba(0,0,0,0.75);}.x-btn.x-btn-real:hover{box-shadow:0 0.25em 0 0 #ffffff,0 4px 9px rgba(0,0,0,0.75);}.x-btn.x-btn-flat,.x-btn.x-btn-flat:hover{margin-bottom:0;text-shadow:0 0.075em 0.075em rgba(0,0,0,0.65);box-shadow:none;}.x-btn.x-btn-transparent,.x-btn.x-btn-transparent:hover{margin-bottom:0;border-width:3px;text-shadow:none;text-transform:uppercase;background-color:transparent;box-shadow:none;}.x-context-title{font-weight:400;}.bbp-forum-title,.bbp-topic-permalink,.x-bbp-general-form legend{font-weight:400;color:#000000;}.x-bbp-item-info-header .x-item-info-permalink,.bbp-body .bbp-forum-freshness a,.bbp-body .bbp-topic-freshness a{color:#000000;}.x-bbp-item-info-content .x-bbp-item-info-author .bbp-author-name{color:#000000;}.bbp-forum-title:hover,.bbp-topic-permalink:hover,.x-bbp-item-info-header .x-item-info-permalink:hover,.bbp-reply-header .bbp-admin-links a:hover,.x-bbp-item-info-content .x-bbp-item-info-author .bbp-author-name:hover,.bbp-body .bbp-forum-freshness a:hover,.bbp-body .bbp-topic-freshness a:hover,#bbp-user-navigation > ul > li a:hover,#bbp-user-navigation > ul > li.current a{color:#1a14cc;}.x-bbp-count,.x-btn-bbp,.bbp-topic-tags a,.bbp-row-actions a,.x-bbp-header .actions a,.quicktags-toolbar input.button,.bbp-submit-wrapper button[type="submit"]{background-color:#1a14cc;}.x-btn-bbp:hover,.bbp-topic-tags a:hover,.bbp-row-actions a:hover,.x-bbp-header .actions a:hover,.quicktags-toolbar input.button:hover,.bbp-submit-wrapper button[type="submit"]:hover{background-color:#d80f0f;}.woocommerce p.stars span a{background-color:#1a14cc;}</style></head>

<body class="post-template-default single single-post postid-11340 single-format-standard x-ethos x-navbar-fixed-top-active x-boxed-layout-active x-content-sidebar-active x-v4_6_4 x-child-theme-active">

  <script>
  dataLayer = [{'isLoggedIn': ''}];
</script>
<!-- Google Tag Manager -->
<noscript><iframe src="//www.googletagmanager.com/ns.html?id=GTM-TG54PD"
height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript>
<script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':
new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],
j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src=
'//www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);
})(window,document,'script','dataLayer','GTM-TG54PD');</script>
<!-- End Google Tag Manager -->

  <div id="top" class="site">

  
  
  <header class="masthead masthead-stacked" role="banner">
    
    
    

  <div class="x-logobar">
    <div class="x-logobar-inner">
      <div class="x-container max width">
        
<h1 class="visually-hidden">Humble Student of the Markets</h1>
<a href="https://humblestudentofthemarkets.com/" class="x-brand text" title="Left and right brained market analysis">
  Humble Student of the Markets</a>      </div>
    </div>
  </div>

  <div class="x-navbar-wrap">
    <div class="x-navbar">
      <div class="x-navbar-inner">
        <div class="x-container max width">
           
<a href="#" class="x-btn-navbar collapsed" data-toggle="collapse" data-target=".x-nav-wrap.mobile">
  <i class="x-icon-bars" data-x-icon="&#xf0c9;"></i>
  <span class="visually-hidden">Navigation</span>
</a>

<nav class="x-nav-wrap desktop" role="navigation">
  <ul id="menu-main" class="x-nav"><li id="menu-item-20" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-home menu-item-20"><a href="https://humblestudentofthemarkets.com/"><span>Home</span></a></li>
<li id="menu-item-39" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-39"><a href="https://humblestudentofthemarkets.com/?page_id=36"><span>About</span></a>
<ul class="sub-menu">
	<li id="menu-item-18" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-18"><a href="https://humblestudentofthemarkets.com/about/"><span>About me</span></a></li>
	<li id="menu-item-38" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-38"><a href="https://humblestudentofthemarkets.com/testimonials/"><span>Testimonials</span></a></li>
	<li id="menu-item-19" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-19"><a href="https://humblestudentofthemarkets.com/disclaimer/"><span>Disclaimer</span></a></li>
	<li id="menu-item-2473" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-2473"><a href="https://humblestudentofthemarkets.com/other-services/"><span>Other services</span></a></li>
</ul>
</li>
<li id="menu-item-24" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-24"><a href="https://humblestudentofthemarkets.com/contact-us/"><span>Contact us</span></a></li>
<li id="menu-item-185" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-185"><a href="https://humblestudentofthemarkets.com/media/"><span>Press &#038; media</span></a></li>
<li id="menu-item-7607" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-7607"><a href="http://humblestudentofthemarkets.com/shop-2/?orderby=price"><span>Subscribe</span></a></li>
<li id="menu-item-196" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-196"><a href="https://humblestudentofthemarkets.com/subscribe-to-free-posts/"><span>Free</span></a>
<ul class="sub-menu">
	<li id="menu-item-795" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-795"><a href="https://humblestudentofthemarkets.com/category/free/"><span>Free posts</span></a></li>
	<li id="menu-item-805" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-805"><a href="https://humblestudentofthemarkets.com/subscribe-to-free-posts/"><span>Free subscription</span></a></li>
	<li id="menu-item-12489" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-12489"><a href="https://humblestudentofthemarkets.com/trading-track-record/"><span>Trading account track record</span></a></li>
	<li id="menu-item-1679" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-1679"><a href="https://humblestudentofthemarkets.com/long-leading-indicators/"><span>Recession Watch</span></a></li>
</ul>
</li>
<li id="menu-item-2082" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-2082"><a href="https://humblestudentofthemarkets.com/for-subscribers/"><span>For subscribers</span></a>
<ul class="sub-menu">
	<li id="menu-item-81" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-81"><a href="https://humblestudentofthemarkets.com/my-account/"><span>My Account</span></a></li>
	<li id="menu-item-800" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-800"><a href="https://humblestudentofthemarkets.com/forums/forum/ask-me-anything/"><span>Discussions</span></a></li>
	<li id="menu-item-794" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-794"><a href="http://humblestudentofthemarkets.com/category/subscribers-only/"><span>Subscriber posts</span></a></li>
	<li id="menu-item-12488" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-12488"><a href="https://humblestudentofthemarkets.com/trading-track-record/"><span>My inner trader</span></a></li>
	<li id="menu-item-2096" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-2096"><a href="https://humblestudentofthemarkets.com/long-leading-indicators/"><span>Recession Watch</span></a></li>
</ul>
</li>
<li id="menu-item-1998" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-1998"><a href="https://humblestudentofthemarkets.com/help/"><span>Help</span></a></li>
</ul></nav>

<div class="x-nav-wrap mobile collapse">
  <ul id="menu-main-1" class="x-nav"><li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-home menu-item-20"><a href="https://humblestudentofthemarkets.com/"><span>Home</span></a></li>
<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-39"><a href="https://humblestudentofthemarkets.com/?page_id=36"><span>About</span></a>
<ul class="sub-menu">
	<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-18"><a href="https://humblestudentofthemarkets.com/about/"><span>About me</span></a></li>
	<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-38"><a href="https://humblestudentofthemarkets.com/testimonials/"><span>Testimonials</span></a></li>
	<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-19"><a href="https://humblestudentofthemarkets.com/disclaimer/"><span>Disclaimer</span></a></li>
	<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-2473"><a href="https://humblestudentofthemarkets.com/other-services/"><span>Other services</span></a></li>
</ul>
</li>
<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-24"><a href="https://humblestudentofthemarkets.com/contact-us/"><span>Contact us</span></a></li>
<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-185"><a href="https://humblestudentofthemarkets.com/media/"><span>Press &#038; media</span></a></li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-7607"><a href="http://humblestudentofthemarkets.com/shop-2/?orderby=price"><span>Subscribe</span></a></li>
<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-196"><a href="https://humblestudentofthemarkets.com/subscribe-to-free-posts/"><span>Free</span></a>
<ul class="sub-menu">
	<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-795"><a href="https://humblestudentofthemarkets.com/category/free/"><span>Free posts</span></a></li>
	<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-805"><a href="https://humblestudentofthemarkets.com/subscribe-to-free-posts/"><span>Free subscription</span></a></li>
	<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-12489"><a href="https://humblestudentofthemarkets.com/trading-track-record/"><span>Trading account track record</span></a></li>
	<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-1679"><a href="https://humblestudentofthemarkets.com/long-leading-indicators/"><span>Recession Watch</span></a></li>
</ul>
</li>
<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-2082"><a href="https://humblestudentofthemarkets.com/for-subscribers/"><span>For subscribers</span></a>
<ul class="sub-menu">
	<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-81"><a href="https://humblestudentofthemarkets.com/my-account/"><span>My Account</span></a></li>
	<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-800"><a href="https://humblestudentofthemarkets.com/forums/forum/ask-me-anything/"><span>Discussions</span></a></li>
	<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-794"><a href="http://humblestudentofthemarkets.com/category/subscribers-only/"><span>Subscriber posts</span></a></li>
	<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-12488"><a href="https://humblestudentofthemarkets.com/trading-track-record/"><span>My inner trader</span></a></li>
	<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-2096"><a href="https://humblestudentofthemarkets.com/long-leading-indicators/"><span>Recession Watch</span></a></li>
</ul>
</li>
<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-1998"><a href="https://humblestudentofthemarkets.com/help/"><span>Help</span></a></li>
</ul></div>

        </div>
      </div>
    </div>
  </div>

    
  
    <div class="x-breadcrumb-wrap">
      <div class="x-container max width">
        <div class="x-breadcrumbs"><a href="https://humblestudentofthemarkets.com"><span class="home"><i class="x-icon-home" data-x-icon="&#xf015;"></i></span></a> <span class="delimiter"><i class="x-icon-angle-right" data-x-icon="&#xf105;"></i></span> <span class="current">Hurricane Harvey as a mini-stress test</span></div>      </div>
    </div>

    </header>

    
  
    
    
  <div class="x-container max width main">
    <div class="offset cf">
      <div class="x-main left" role="main">

                  
<article id="post-11340" class="post-11340 post type-post status-publish format-standard hentry category-free tag-economy tag-federal-reserve tag-fiscal-policy no-post-thumbnail">
          <div class="entry-wrap">
      
<header class="entry-header">
      
  <div class="x-nav-articles">

          <a href="https://humblestudentofthemarkets.com/2017/08/30/the-surprising-conclusion-from-top-down-vs-bottom-up-eps-analysis/" title="" class="prev">
        <i class="x-icon-chevron-left" data-x-icon="&#xf053;"></i>      </a>
    
          <a href="https://humblestudentofthemarkets.com/2017/08/27/is-the-fed-tightening-into-a-stalling-economy/" title="" class="next">
        <i class="x-icon-chevron-right" data-x-icon="&#xf054;"></i>      </a>
    
  </div>

      <h1 class="entry-title">Hurricane Harvey as a mini-stress test</h1>
    <p class="p-meta"><span>In <a href="https://humblestudentofthemarkets.com/category/free/" title="View all posts in: &ldquo;Free&rdquo;"> Free</a> by Cam Hui</span><span><time class="entry-date" datetime="2017-08-28T13:24:32+00:00">August 28, 2017</time></span></p></header>      


<div class="entry-content content">


  <p><i>Q: What&#8217;s George W. Bush position on Roe vs. Wade?</i><br />
<i>A: He doesn&#8217;t care how people get out of New Orleans after Katrina.</i><br />
<i><br />
</i> <i>&#8211; Joke that circulated in the aftermath of Hurricane Kartina</i></p>
<p>There are many stories coming out in the wake of Hurricane Harvey that hit Texas. I was most struck by this <a href="http://www.bbc.com/news/world-us-canada-41065335">BBC account</a> of the woman who was too poor to evacuate from her mobile home:<br />
&nbsp;</p>
<div></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://i1.wp.com/3.bp.blogspot.com/-2oLYVpHzau0/WaNu5QumC0I/AAAAAAAAYaI/Tp1AxS9rc-cicXtxjk-1fToOxHMvYkQZgCLcBGAs/s1600/Judie%2BMcRae.jpg?ssl=1" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="408" data-original-width="635" height="408" src="https://i1.wp.com/3.bp.blogspot.com/-2oLYVpHzau0/WaNu5QumC0I/AAAAAAAAYaI/Tp1AxS9rc-cicXtxjk-1fToOxHMvYkQZgCLcBGAs/s640/Judie%2BMcRae.jpg?resize=635%2C408&#038;ssl=1" width="635" data-recalc-dims="1" /></a></div>
<p>&nbsp;</p>
<div></div>
<blockquote><p>
Judie stayed, she tells me, because she had no means to leave and no place to go.</p>
<p>&#8220;I had some problems getting out of town, a little broke and stuff, so I had to come home and, you know, tough it out,&#8221; she says. &#8220;We&#8217;re all the working class people.</p>
<p>&#8220;We&#8217;re the ones who go to the restaurants and wait on you and pick up your trash and do all that work. We don&#8217;t have a lot of money.&#8221; </p>
<p>&#8220;Fighting for the American dream,&#8221; she adds, with a rueful laugh.</p></blockquote>
<p>Hurricane Harvey may prove to be a significant stress test for both the American economy and the Federal Reserve. A recent <a href="http://www.bankrate.com/finance/consumer-index/money-pulse-0117.aspx">Bankrate survey</a> indicated that only roughly 4 in 10 Americans have sufficient savings to cope in an emergency, which is indicative of the low margin of financial error that the household sector operates under.<br />
&nbsp;</p>
<div></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://i0.wp.com/4.bp.blogspot.com/-7R9TsFmUlVM/WaNK86iPEfI/AAAAAAAAYZ0/jgjyF-mPt-glBeiuZajRXB311PkrcCCHQCLcBGAs/s1600/money-pulse-jan-2017.png?ssl=1" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="846" data-original-width="816" height="846" src="https://i1.wp.com/4.bp.blogspot.com/-7R9TsFmUlVM/WaNK86iPEfI/AAAAAAAAYZ0/jgjyF-mPt-glBeiuZajRXB311PkrcCCHQCLcBGAs/s640/money-pulse-jan-2017.png?resize=816%2C846&#038;ssl=1" width="816" data-recalc-dims="1" /></a></div>
<p>&nbsp;</p>
<div></div>
<h4>The financial first responders</h4>
<p><a href="https://www.bloomberg.com/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured">Bloomberg</a> reported that initial estimates of the devastation caused by Harvey at $24 billion. Moreover, fewer than 1 in 6 of homes in Harris county, where Houston is located, are covered by flood insurance. The damage to household balance sheets in the area will be substantial.</p>
<blockquote><p>
Harvey’s cost could mount to $24 billion when including the impact of relentless flooding on the labor force, power grid, transportation and other elements that support the region’s energy sector, Chuck Watson, a disaster modeler with Enki Research, said by phone on Sunday. That would place it among the top eight hurricanes to ever strike the U.S.</p>
<p>“A historic event is currently unfolding in Texas,” Aon Plc wrote in an alert to clients. “It will take weeks until the full scope and magnitude of the damage is realized,” and already it’s clear that “an abnormally high portion of economic damage caused by flooding will not be covered,” the insurance broker said&#8230;</p>
<p>Most people with flood insurance buy policies backed by the federal government’s National Flood Insurance Program. As of April, less than one-sixth of homes in Houston’s Harris County had federal coverage, according to Aon. That would leave more than 1 million homes unprotected in the county. Coverage rates are similar in neighboring areas. Many cars also will be totaled.</p>
<p>“A lot of these people are going to be in very serious financial situations,” said Loretta Worters, a spokeswoman for the Insurance Information Institute. “Most people who are living in these areas do not have flood insurance. They may be able to collect some grants from the government, but there are not a lot, usually they’re very limited. There are no-interest to low-interest loans, but you have to pay them back.”</p></blockquote>
<p>The question for is investors is the extent of losses, how they are distributed, and the secondary effects of the hurricane on the economy and banking system. In the past, the Fed has acted to supply liquidity to the system during periods of high financial stress. In this case, the financial stress is highly localized. The most likely Fed response will be to monitor conditions, but to rely on programs that are already in place. As a reminder, the Fed continued its campaign of rate hikes at its September 2005 meeting after Hurricane Katrina hit the Gulf Coast in late August.</p>
<p>The&nbsp;<a href="https://www.wsj.com/articles/hurricane-harvey-unlikely-to-damage-insurers-balance-sheets-1503849284">WSJ</a>&nbsp;indicates that hurricane losses are unlikely to cause much damage to insurance company balance sheets. Score one for financial stability.</p>
<blockquote><p>
Harvey’s timing is good for insurers and insurance customers from one perspective: Personal and commercial insurers have record levels of capital, the money they have on hand that isn’t required to back obligations. With insurers’ overall strong capital position, Harvey is unlikely to cause extensive damage to the industry’s financial strength, though it could hurt quarterly earnings for those carriers with blocks of business in hard-hit areas.</p></blockquote>
<p>So far, there has been no word from the <a href="https://www.dallasfed.org/">Dallas Fed</a>&nbsp;about local conditions, other than an announcement that its Houston branch has moved to modified operations. As of the close on Monday, credit markets have only shown minor signs of deterioration. Investment grade (IG, green line) bond spreads have weakened, and high yield (HY, blue line) performance has barely budged relative to duration equivalent Treasury prices.<br />
&nbsp;</p>
<div></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://i2.wp.com/1.bp.blogspot.com/-oe-CdTrkCjQ/WaR6CPMMR4I/AAAAAAAAYaY/K8HI7zhw5yck5g2DXgisLHOc8oDy-GWrACLcBGAs/s1600/HYG%2Bvs%2BIEI.png?ssl=1" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="345" data-original-width="780" height="345" src="https://i0.wp.com/1.bp.blogspot.com/-oe-CdTrkCjQ/WaR6CPMMR4I/AAAAAAAAYaY/K8HI7zhw5yck5g2DXgisLHOc8oDy-GWrACLcBGAs/s640/HYG%2Bvs%2BIEI.png?resize=780%2C345&#038;ssl=1" width="780" data-recalc-dims="1" /></a></div>
<p>&nbsp;</p>
<div></div>
<p>The Fed only has so much power. It cannot make people who suffered hurricane losses whole. Only under extraordinary circumstances will central bankers take steps to ensure the stability of the financial system. A hurricane, regardless of how devastating, is not a likely candidate for such measures.</p>
<p>I will be watching how the economy, markets, and the Fed react to any fallout from Hurricane Harvey. This will be the first stress test of the economy to a mini-crisis under the Trump Administration.</p>
<span id="tve_leads_end_content" style="display: block; visibility: hidden; border: 1px solid transparent;"></span><div class="tve-leads-post-footer tve-tl-anim tve-leads-track-post_footer-3 tl-anim-instant"><div class="tl-style" id="tve_22_set" data-state="3"><div class="tve-leads-conversion-object" data-tl-type="post_footer"><div class="tve_flt"><div id="tve_editor" class="tve_shortcode_editor"><div class="thrv-leads-form-box tve_no_drag tve_no_icons tve_element_hover thrv_wrapper tve_editor_main_content tve_22_set tve_white tve_brdr_solid tve_empty_dropzone">
<div class="thrv_wrapper thrv_contentbox_shortcode" data-tve-style="5">
<div class="tve_cb tve_cb5 tve_blue" style="margin: -22px -22px 40px; border-radius: 0px;">
<div class="tve_cb_cnt tve_empty_dropzone">
<div class="thrv_wrapper thrv_columns tve_clearfix" style="margin-top: 0px;">
<div class="tve_colm tve_foc tve_df tve_ofo  tve_empty_dropzone">
<div class="thrv_wrapper tve_image_caption aligncenter" style="width: 142px;">
<span class="tve_image_frame">
<img class="tve_image" style="width: 142px;" src="https://i2.wp.com/humblestudentofthemarkets.com/wp-content/plugins/thrive-leads/editor-templates/_form_css/images/set_22_icon.png?w=866&#038;ssl=1" data-recalc-dims="1">
</span>
</div>
</div>
<div class="tve_colm tve_tfo tve_df tve_lst tve_empty_dropzone">
<h2 class="rft" style="color: rgb(255, 255, 255); font-size: 36px; margin-top: 25px; margin-bottom: 15px;">
Receive our FREE weekly investing articles!</h2>
<p style="color: rgb(255, 255, 255); font-size: 18px; margin-top: 0px;">2 weeks after we publish the articles to our members, we release them to the public. &nbsp;To be notified when that happens, please fill in the form below complete and subscribe!</p>
</div>
</div>
</div>
</div>
</div>
<div class="thrv_wrapper thrv_lead_generation tve_clearfix tve_red tve_17 thrv_lead_generation_horizontal" style="margin-top: 0px; margin-bottom: 10px;" data-tve-style="1" data-connection="api" data-tve-version="1" data-inputs-count="17">
<div class="thrv_lead_generation_code" style="display: none;"></div>
<input class="tve-lg-err-msg" type="hidden" value='{"email":"Please enter a valid email address","phone":"Please enter a valid phone number","required":"Name and Email fields are required"}'>
<div class="thrv_lead_generation_container tve_clearfix"><form action="#" method="post"><input class="tve-f-a-hidden" type="hidden" value="#"><div class="tve_lead_generated_inputs_container tve_clearfix"><div class="tve_lead_fields_overlay"></div><div class="tve_lg_input_container tve_lg_input tve_lg_3"><div class="thrv_wrapper thrv_icon tve_brdr_solid"><span class="tve_sc_icon icon-user tve_white" data-tve-icon="icon-user"></span></div><input name="name" style="padding-right: 50px !important;" type="text" placeholder="Name" data-placeholder="Name" data-validation="none" data-required="1" data-field="name"></div><div class="tve_lg_input_container tve_lg_input tve_lg_3"><div class="thrv_wrapper thrv_icon tve_brdr_solid"><span class="tve_sc_icon icon-mail tve_white" data-tve-icon="icon-mail"></span></div><input name="email" style="padding-right: 50px !important;" type="email" placeholder="Best Email" data-placeholder="Best Email" data-validation="email" data-required="1" data-field="email"></div><input name="_form_type" id="_form_type" type="hidden" value="post-footer"><input name="__tcb_lg_fc" id="__tcb_lg_fc" type="hidden" value="YToxOntzOjk6Im1haWxjaGltcCI7czoxMDoiMGVmMTE2MGMxNyI7fQ=="><input name="__tcb_lg_msg" id="__tcb_lg_msg" type="hidden" value="YToyOntzOjU6ImVycm9yIjtzOjg3OiI8cD5Pb29wcy4uLjwvcD48cD5zb21ldGhpbmcgd2VudCB3cm9uZy4gUGxlYXNlIHRyeSBhZ2FpbiBvciBjb250YWN0IHRoZSBzaXRlIG93bmVyLjwvcD4iO3M6Nzoic3VjY2VzcyI7czoxMTI6IjxwPltsZWFkX25hbWVdIC0gVGhhbmsgeW91IGZvciBzaWduaW5nIHVwISBBbiBlbWFpbCBpcyBiZWluZyBzZW50IHRvIFtsZWFkX2VtYWlsXSAtIHBsZWFzZSBjaGVjayB5b3VyIGluYm94LjwvcD4iO30="><input name="_asset_group" id="_asset_group" type="hidden" value=""><input name="_asset_option" id="_asset_option" type="hidden" value=""><input name="_create_account" id="_create_account" type="hidden" value=""><input name="_error_message_option" id="_error_message_option" type="hidden" value="1"><input name="_back_url" id="_back_url" type="hidden" value=""><input name="_submit_option" id="_submit_option" type="hidden" value="message"><input name="_use_captcha" id="_use_captcha" type="hidden" value=""><input name="_captcha_theme" id="_captcha_theme" type="hidden" value="light"><input name="_captcha_type" id="_captcha_type" type="hidden" value="image"><input name="_captcha_size" id="_captcha_size" type="hidden" value="normal"><input name="mailchimp_optin" class="tve-api-extra" id="mailchimp_optin" type="hidden" value="d"><div style="display: none;"></div><div class="tve_lg_input_container tve_submit_container tve_lg_submit tve_lg_3">
<button type="Submit">SUBSCRIBE</button>
</div></div></form></div>
</div>
</div></div></div></div></div></div><div class="sharedaddy sd-sharing-enabled"><div class="robots-nocontent sd-block sd-social sd-social-icon sd-sharing"><h3 class="sd-title">Share this:</h3><div class="sd-content"><ul><li class="share-twitter"><a rel="nofollow" data-shared="sharing-twitter-11340" class="share-twitter sd-button share-icon no-text" href="https://humblestudentofthemarkets.com/2017/08/28/hurricane-harvey-as-a-mini-stress-test/?share=twitter" target="_blank" title="Click to share on Twitter"><span></span><span class="sharing-screen-reader-text">Click to share on Twitter (Opens in new window)</span></a></li><li class="share-facebook"><a rel="nofollow" data-shared="sharing-facebook-11340" class="share-facebook sd-button share-icon no-text" href="https://humblestudentofthemarkets.com/2017/08/28/hurricane-harvey-as-a-mini-stress-test/?share=facebook" target="_blank" title="Click to share on Facebook"><span></span><span class="sharing-screen-reader-text">Click to share on Facebook (Opens in new window)</span></a></li><li class="share-google-plus-1"><a rel="nofollow" data-shared="sharing-google-11340" class="share-google-plus-1 sd-button share-icon no-text" href="https://humblestudentofthemarkets.com/2017/08/28/hurricane-harvey-as-a-mini-stress-test/?share=google-plus-1" target="_blank" title="Click to share on Google+"><span></span><span class="sharing-screen-reader-text">Click to share on Google+ (Opens in new window)</span></a></li><li class="share-end"></li></ul></div></div></div><div class='sharedaddy sd-block sd-like jetpack-likes-widget-wrapper jetpack-likes-widget-unloaded' id='like-post-wrapper-141766268-11340-5a82b85b23ca9' data-src='https://widgets.wp.com/likes/#blog_id=141766268&amp;post_id=11340&amp;origin=humblestudentofthemarkets.com&amp;obj_id=141766268-11340-5a82b85b23ca9' data-name='like-post-frame-141766268-11340-5a82b85b23ca9'><h3 class="sd-title">Like this:</h3><div class='likes-widget-placeholder post-likes-widget-placeholder' style='height: 55px;'><span class='button'><span>Like</span></span> <span class="loading">Loading...</span></div><span class='sd-text-color'></span><a class='sd-link-color'></a></div>
<div id='jp-relatedposts' class='jp-relatedposts' >
	<h3 class="jp-relatedposts-headline"><em>Related</em></h3>
</div>  

</div>

    </div>
  </article>          
        
      </div>

              


  <aside class="x-sidebar right" role="complementary">
          <div id="bbp_login_widget-4" class="widget bbp_widget_login">
			<form method="post" action="https://humblestudentofthemarkets.com/wp-login.php?itsec-hb-token=wp_login" class="bbp-login-form">
				<fieldset>
					<legend>Log In</legend>

					<div class="bbp-username">
						<label for="user_login">Username: </label>
						<input type="text" name="log" value="" size="20" id="user_login" tabindex="101" />
					</div>

					<div class="bbp-password">
						<label for="user_pass">Password: </label>
						<input type="password" name="pwd" value="" size="20" id="user_pass" tabindex="102" />
					</div>

					<div class="bbp-remember-me">
						<input type="checkbox" name="rememberme" value="forever"  id="rememberme" tabindex="103" />
						<label for="rememberme">Remember Me</label>
					</div>

					<div class="bbp-submit-wrapper">

						
						<button type="submit" name="user-submit" id="user-submit" tabindex="104" class="button submit user-submit">Log In</button>

						
		<input type="hidden" name="user-cookie" value="1" />

		<input type="hidden" id="bbp_redirect_to" name="redirect_to" value="https://humblestudentofthemarkets.com/2017/08/28/hurricane-harvey-as-a-mini-stress-test/?utm_content=buffer07294&#038;utm_medium=social&#038;utm_source=twitter.com&#038;utm_campaign=buffer" /><input type="hidden" id="_wpnonce" name="_wpnonce" value="c7bea3ea6b" /><input type="hidden" name="_wp_http_referer" value="/2017/08/28/hurricane-harvey-as-a-mini-stress-test/?utm_content=buffer07294&amp;utm_medium=social&amp;utm_source=twitter.com&amp;utm_campaign=buffer" />
					</div>

					
				</fieldset>
			</form>

		</div>		<div id="recent-posts-2" class="widget widget_recent_entries">		<h4 class="h-widget">Recent Posts</h4>		<ul>
											<li>
					<a href="https://humblestudentofthemarkets.com/2018/02/11/five-reasons-not-to-worry-plus-2-concerns/">Five reasons not to worry (plus 2 concerns)</a>
									</li>
											<li>
					<a href="https://humblestudentofthemarkets.com/2018/02/08/the-market-effects-of-trumps-immigration-policy/">The market effects of Trump&#8217;s immigration policy</a>
									</li>
											<li>
					<a href="https://humblestudentofthemarkets.com/2018/02/06/risk-on-or-risk-off/">Risk on, or risk off?</a>
									</li>
											<li>
					<a href="https://humblestudentofthemarkets.com/2018/02/04/a-house-on-fire/">A house on fire?</a>
									</li>
											<li>
					<a href="https://humblestudentofthemarkets.com/2018/01/31/a-glass-half-full-or/">A glass half full, or&#8230;</a>
									</li>
					</ul>
		</div><div id="categories-2" class="widget widget_categories"><h4 class="h-widget">Categories</h4><form action="https://humblestudentofthemarkets.com" method="get"><label class="screen-reader-text" for="cat">Categories</label><select  name='cat' id='cat' class='postform' >
	<option value='-1'>Select Category</option>
	<option class="level-0" value="18">Free</option>
	<option class="level-0" value="21">Subscribers only</option>
</select>
</form>
<script type='text/javascript'>
/* <![CDATA[ */
(function() {
	var dropdown = document.getElementById( "cat" );
	function onCatChange() {
		if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) {
			dropdown.parentNode.submit();
		}
	}
	dropdown.onchange = onCatChange;
})();
/* ]]> */
</script>

</div><div id="tag_cloud-2" class="widget widget_tag_cloud"><h4 class="h-widget">Tags</h4><div class="tagcloud"><a href="https://humblestudentofthemarkets.com/tag/blog/" class="tag-cloud-link tag-link-25 tag-link-position-1" style="font-size: 8pt;" aria-label="Blog (1 item)">Blog</a>
<a href="https://humblestudentofthemarkets.com/tag/bond-market/" class="tag-cloud-link tag-link-15 tag-link-position-2" style="font-size: 15.5979899497pt;" aria-label="bond market (23 items)">bond market</a>
<a href="https://humblestudentofthemarkets.com/tag/buffett/" class="tag-cloud-link tag-link-40 tag-link-position-3" style="font-size: 10.8140703518pt;" aria-label="Buffett (4 items)">Buffett</a>
<a href="https://humblestudentofthemarkets.com/tag/china/" class="tag-cloud-link tag-link-26 tag-link-position-4" style="font-size: 16.864321608pt;" aria-label="China (35 items)">China</a>
<a href="https://humblestudentofthemarkets.com/tag/commodites/" class="tag-cloud-link tag-link-47 tag-link-position-5" style="font-size: 8pt;" aria-label="Commodites (1 item)">Commodites</a>
<a href="https://humblestudentofthemarkets.com/tag/commodities/" class="tag-cloud-link tag-link-35 tag-link-position-6" style="font-size: 13.2060301508pt;" aria-label="Commodities (10 items)">Commodities</a>
<a href="https://humblestudentofthemarkets.com/tag/competitive-advantage/" class="tag-cloud-link tag-link-62 tag-link-position-7" style="font-size: 10.1105527638pt;" aria-label="Competitive advantage (3 items)">Competitive advantage</a>
<a href="https://humblestudentofthemarkets.com/tag/crude-oil/" class="tag-cloud-link tag-link-36 tag-link-position-8" style="font-size: 12.2211055276pt;" aria-label="Crude oil (7 items)">Crude oil</a>
<a href="https://humblestudentofthemarkets.com/tag/demographics/" class="tag-cloud-link tag-link-30 tag-link-position-9" style="font-size: 9.26633165829pt;" aria-label="Demographics (2 items)">Demographics</a>
<a href="https://humblestudentofthemarkets.com/tag/development-economics/" class="tag-cloud-link tag-link-20 tag-link-position-10" style="font-size: 9.26633165829pt;" aria-label="Development Economics (2 items)">Development Economics</a>
<a href="https://humblestudentofthemarkets.com/tag/ecb/" class="tag-cloud-link tag-link-61 tag-link-position-11" style="font-size: 10.8140703518pt;" aria-label="ECB (4 items)">ECB</a>
<a href="https://humblestudentofthemarkets.com/tag/economics/" class="tag-cloud-link tag-link-38 tag-link-position-12" style="font-size: 9.26633165829pt;" aria-label="Economics (2 items)">Economics</a>
<a href="https://humblestudentofthemarkets.com/tag/economy/" class="tag-cloud-link tag-link-33 tag-link-position-13" style="font-size: 19.6783919598pt;" aria-label="Economy (90 items)">Economy</a>
<a href="https://humblestudentofthemarkets.com/tag/emerging-markets/" class="tag-cloud-link tag-link-32 tag-link-position-14" style="font-size: 8pt;" aria-label="Emerging markets (1 item)">Emerging markets</a>
<a href="https://humblestudentofthemarkets.com/tag/energy/" class="tag-cloud-link tag-link-49 tag-link-position-15" style="font-size: 11.8693467337pt;" aria-label="Energy (6 items)">Energy</a>
<a href="https://humblestudentofthemarkets.com/tag/equity-markets/" class="tag-cloud-link tag-link-16 tag-link-position-16" style="font-size: 21.9296482412pt;" aria-label="equity markets (189 items)">equity markets</a>
<a href="https://humblestudentofthemarkets.com/tag/europe/" class="tag-cloud-link tag-link-59 tag-link-position-17" style="font-size: 15.7386934673pt;" aria-label="Europe (24 items)">Europe</a>
<a href="https://humblestudentofthemarkets.com/tag/federal-reserve/" class="tag-cloud-link tag-link-34 tag-link-position-18" style="font-size: 19.256281407pt;" aria-label="Federal Reserve (79 items)">Federal Reserve</a>
<a href="https://humblestudentofthemarkets.com/tag/financials/" class="tag-cloud-link tag-link-55 tag-link-position-19" style="font-size: 8pt;" aria-label="Financials (1 item)">Financials</a>
<a href="https://humblestudentofthemarkets.com/tag/fiscal-policy/" class="tag-cloud-link tag-link-66 tag-link-position-20" style="font-size: 15.175879397pt;" aria-label="Fiscal policy (20 items)">Fiscal policy</a>
<a href="https://humblestudentofthemarkets.com/tag/fx/" class="tag-cloud-link tag-link-57 tag-link-position-21" style="font-size: 12.9246231156pt;" aria-label="FX (9 items)">FX</a>
<a href="https://humblestudentofthemarkets.com/tag/geopolitics/" class="tag-cloud-link tag-link-41 tag-link-position-22" style="font-size: 13.6984924623pt;" aria-label="Geopolitics (12 items)">Geopolitics</a>
<a href="https://humblestudentofthemarkets.com/tag/gold/" class="tag-cloud-link tag-link-37 tag-link-position-23" style="font-size: 13.2060301508pt;" aria-label="Gold (10 items)">Gold</a>
<a href="https://humblestudentofthemarkets.com/tag/history/" class="tag-cloud-link tag-link-42 tag-link-position-24" style="font-size: 9.26633165829pt;" aria-label="History (2 items)">History</a>
<a href="https://humblestudentofthemarkets.com/tag/investment-management/" class="tag-cloud-link tag-link-28 tag-link-position-25" style="font-size: 10.8140703518pt;" aria-label="Investment management (4 items)">Investment management</a>
<a href="https://humblestudentofthemarkets.com/tag/investment-policy/" class="tag-cloud-link tag-link-31 tag-link-position-26" style="font-size: 9.26633165829pt;" aria-label="Investment policy (2 items)">Investment policy</a>
<a href="https://humblestudentofthemarkets.com/tag/investment-process/" class="tag-cloud-link tag-link-27 tag-link-position-27" style="font-size: 13.4874371859pt;" aria-label="Investment process (11 items)">Investment process</a>
<a href="https://humblestudentofthemarkets.com/tag/monetary-policy/" class="tag-cloud-link tag-link-65 tag-link-position-28" style="font-size: 13.2060301508pt;" aria-label="Monetary policy (10 items)">Monetary policy</a>
<a href="https://humblestudentofthemarkets.com/tag/option-analysis/" class="tag-cloud-link tag-link-51 tag-link-position-29" style="font-size: 8pt;" aria-label="Option analysis (1 item)">Option analysis</a>
<a href="https://humblestudentofthemarkets.com/tag/pairs-trading/" class="tag-cloud-link tag-link-58 tag-link-position-30" style="font-size: 10.1105527638pt;" aria-label="Pairs trading (3 items)">Pairs trading</a>
<a href="https://humblestudentofthemarkets.com/tag/politics/" class="tag-cloud-link tag-link-19 tag-link-position-31" style="font-size: 16.0904522613pt;" aria-label="Politics (27 items)">Politics</a>
<a href="https://humblestudentofthemarkets.com/tag/portfolio-construction/" class="tag-cloud-link tag-link-70 tag-link-position-32" style="font-size: 8pt;" aria-label="Portfolio construction (1 item)">Portfolio construction</a>
<a href="https://humblestudentofthemarkets.com/tag/quantitative-analysis/" class="tag-cloud-link tag-link-17 tag-link-position-33" style="font-size: 16.864321608pt;" aria-label="quantitative analysis (35 items)">quantitative analysis</a>
<a href="https://humblestudentofthemarkets.com/tag/regulationary-regime/" class="tag-cloud-link tag-link-71 tag-link-position-34" style="font-size: 8pt;" aria-label="Regulationary regime (1 item)">Regulationary regime</a>
<a href="https://humblestudentofthemarkets.com/tag/sentiment/" class="tag-cloud-link tag-link-67 tag-link-position-35" style="font-size: 8pt;" aria-label="sentiment (1 item)">sentiment</a>
<a href="https://humblestudentofthemarkets.com/tag/sentiment-analysis/" class="tag-cloud-link tag-link-23 tag-link-position-36" style="font-size: 20.3819095477pt;" aria-label="Sentiment analysis (113 items)">Sentiment analysis</a>
<a href="https://humblestudentofthemarkets.com/tag/style-rotation/" class="tag-cloud-link tag-link-72 tag-link-position-37" style="font-size: 9.26633165829pt;" aria-label="Style rotation (2 items)">Style rotation</a>
<a href="https://humblestudentofthemarkets.com/tag/technical-analysis/" class="tag-cloud-link tag-link-24 tag-link-position-38" style="font-size: 22pt;" aria-label="Technical analysis (196 items)">Technical analysis</a>
<a href="https://humblestudentofthemarkets.com/tag/trade-policy/" class="tag-cloud-link tag-link-80 tag-link-position-39" style="font-size: 11.8693467337pt;" aria-label="Trade policy (6 items)">Trade policy</a>
<a href="https://humblestudentofthemarkets.com/tag/trend-following/" class="tag-cloud-link tag-link-48 tag-link-position-40" style="font-size: 10.8140703518pt;" aria-label="Trend following (4 items)">Trend following</a>
<a href="https://humblestudentofthemarkets.com/tag/trend-model/" class="tag-cloud-link tag-link-22 tag-link-position-41" style="font-size: 20.3819095477pt;" aria-label="Trend Model (113 items)">Trend Model</a>
<a href="https://humblestudentofthemarkets.com/tag/uk/" class="tag-cloud-link tag-link-63 tag-link-position-42" style="font-size: 13.2060301508pt;" aria-label="UK (10 items)">UK</a>
<a href="https://humblestudentofthemarkets.com/tag/ultimate-timing-model/" class="tag-cloud-link tag-link-56 tag-link-position-43" style="font-size: 20.0301507538pt;" aria-label="Ultimate Timing Model (102 items)">Ultimate Timing Model</a>
<a href="https://humblestudentofthemarkets.com/tag/value/" class="tag-cloud-link tag-link-46 tag-link-position-44" style="font-size: 9.26633165829pt;" aria-label="Value (2 items)">Value</a>
<a href="https://humblestudentofthemarkets.com/tag/value-investing/" class="tag-cloud-link tag-link-60 tag-link-position-45" style="font-size: 10.1105527638pt;" aria-label="Value investing (3 items)">Value investing</a></div>
</div><div id="archives-2" class="widget widget_archive"><h4 class="h-widget">Archives</h4>		<label class="screen-reader-text" for="archives-dropdown-2">Archives</label>
		<select id="archives-dropdown-2" name="archive-dropdown" onchange='document.location.href=this.options[this.selectedIndex].value;'>
			
			<option value="">Select Month</option>
				<option value='https://humblestudentofthemarkets.com/2018/02/'> February 2018 </option>
	<option value='https://humblestudentofthemarkets.com/2018/01/'> January 2018 </option>
	<option value='https://humblestudentofthemarkets.com/2017/12/'> December 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2017/11/'> November 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2017/10/'> October 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2017/09/'> September 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2017/08/'> August 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2017/07/'> July 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2017/06/'> June 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2017/05/'> May 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2017/04/'> April 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2017/03/'> March 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2017/02/'> February 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2017/01/'> January 2017 </option>
	<option value='https://humblestudentofthemarkets.com/2016/12/'> December 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2016/11/'> November 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2016/10/'> October 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2016/09/'> September 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2016/08/'> August 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2016/07/'> July 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2016/06/'> June 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2016/05/'> May 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2016/04/'> April 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2016/03/'> March 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2016/02/'> February 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2016/01/'> January 2016 </option>
	<option value='https://humblestudentofthemarkets.com/2015/12/'> December 2015 </option>
	<option value='https://humblestudentofthemarkets.com/2015/11/'> November 2015 </option>
	<option value='https://humblestudentofthemarkets.com/2015/08/'> August 2015 </option>
	<option value='https://humblestudentofthemarkets.com/2014/11/'> November 2014 </option>
	<option value='https://humblestudentofthemarkets.com/2014/05/'> May 2014 </option>
	<option value='https://humblestudentofthemarkets.com/2014/02/'> February 2014 </option>
	<option value='https://humblestudentofthemarkets.com/2012/02/'> February 2012 </option>

		</select>
		</div><div id="woocommerce_products-2" class="widget woocommerce widget_products"><h4 class="h-widget">Subscribe</h4><ul class="product_list_widget"><li>
	
	<a href="https://humblestudentofthemarkets.com/product/annual-subscription/">
		<img width="250" height="275" src="//humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Year-240x275.png" class="attachment-woocommerce_thumbnail size-woocommerce_thumbnail wp-post-image" alt="" data-attachment-id="9610" data-permalink="//humblestudentofthemarkets.com/?attachment_id=9610" data-orig-file="//i1.wp.com/humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Year.png?fit=240%2C308&amp;ssl=1" data-orig-size="240,308" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="1 Year" data-image-description="" data-medium-file="//i1.wp.com/humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Year.png?fit=234%2C300&amp;ssl=1" data-large-file="//i1.wp.com/humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Year.png?fit=240%2C308&amp;ssl=1" />		<span class="product-title">Annual subscription (best value)</span>
	</a>

				
	<span class="woocommerce-Price-amount amount"><span class="woocommerce-Price-currencySymbol">&#36;</span>249.99</span> <span class="subscription-details"> / year</span>
	</li>
<li>
	
	<a href="https://humblestudentofthemarkets.com/product/monthly-subscription-copy/">
		<img width="250" height="275" src="//humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Month-240x275.png" class="attachment-woocommerce_thumbnail size-woocommerce_thumbnail wp-post-image" alt="" data-attachment-id="9609" data-permalink="//humblestudentofthemarkets.com/?attachment_id=9609" data-orig-file="//i0.wp.com/humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Month.png?fit=240%2C308&amp;ssl=1" data-orig-size="240,308" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="1 Month" data-image-description="" data-medium-file="//i0.wp.com/humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Month.png?fit=234%2C300&amp;ssl=1" data-large-file="//i0.wp.com/humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Month.png?fit=240%2C308&amp;ssl=1" />		<span class="product-title">Monthly subscription</span>
	</a>

				
	<span class="woocommerce-Price-amount amount"><span class="woocommerce-Price-currencySymbol">&#36;</span>24.99</span> <span class="subscription-details"> / month</span>
	</li>
<li>
	
	<a href="https://humblestudentofthemarkets.com/product/day-pass-3/">
		<img width="250" height="275" src="//humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Day-240x275.png" class="attachment-woocommerce_thumbnail size-woocommerce_thumbnail wp-post-image" alt="" data-attachment-id="9608" data-permalink="//humblestudentofthemarkets.com/?attachment_id=9608" data-orig-file="//i1.wp.com/humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Day.png?fit=240%2C308&amp;ssl=1" data-orig-size="240,308" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="1 Day" data-image-description="" data-medium-file="//i1.wp.com/humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Day.png?fit=234%2C300&amp;ssl=1" data-large-file="//i1.wp.com/humblestudentofthemarkets.com/wp-content/uploads/2016/02/1-Day.png?fit=240%2C308&amp;ssl=1" />		<span class="product-title">Day pass</span>
	</a>

				
	<span class="woocommerce-Price-amount amount"><span class="woocommerce-Price-currencySymbol">&#36;</span>4.99</span> <span class="subscription-details"> for 1 day</span>
	</li>
</ul></div><div id="search-2" class="widget widget_search">
<form method="get" id="searchform" class="form-search" action="https://humblestudentofthemarkets.com/">
  <label for="s" class="visually-hidden">Search</label>
  <input type="text" id="s" class="search-query" name="s" placeholder="Search" />
</form></div>      </aside>

      
    </div>
  </div>



  
  
    <div class="x-widgetbar collapse">
      <div class="x-widgetbar-inner">
        <div class="x-container max width">

          <div class="x-column x-md x-1-4"></div><div class="x-column x-md x-1-4"></div><div class="x-column x-md x-1-4"></div><div class="x-column x-md x-1-4 last"></div>
        </div>
      </div>
    </div>

    <a href="#" class="x-btn-widgetbar collapsed" data-toggle="collapse" data-target=".x-widgetbar">
      <i class="x-icon-plus-circle" data-x-icon="&#xf055;"><span class="visually-hidden">Toggle the Widgetbar</span></i>
    </a>

    
  

  
    <footer class="x-colophon bottom" role="contentinfo">
      <div class="x-container max width">

                  <div class="x-colophon-content">
                      </div>
        
        
                  <div class="x-social-global"><a href="https://twitter.com/HumbleStudent/" class="twitter" title="Twitter" target="_blank"><i class="x-icon-twitter-square" data-x-icon="&#xf081;" aria-hidden="true"></i></a><a href="https://www.linkedin.com/in/camhui" class="linkedin" title="LinkedIn" target="_blank"><i class="x-icon-linkedin-square" data-x-icon="&#xf08c;" aria-hidden="true"></i></a><a href="http://humblestudentofthemarkets.com/rss" class="rss" title="RSS" target="_blank"><i class="x-icon-rss-square" data-x-icon="&#xf143;" aria-hidden="true"></i></a></div>        
      </div>
    </footer>

  

  
  </div> <!-- END #top.site -->

  
	<div style="display:none">
	</div>

	<script type="text/javascript">
		window.WPCOM_sharing_counts = {"https:\/\/humblestudentofthemarkets.com\/2017\/08\/28\/hurricane-harvey-as-a-mini-stress-test\/":11340};
	</script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/jetpack/_inc/build/photon/photon.min.js?ver=20130122'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/bbpress/templates/default/js/editor.js?ver=2.5.14-6684'></script>
<script type='text/javascript' src='https://s0.wp.com/wp-content/js/devicepx-jetpack.js?ver=201807'></script>
<script type='text/javascript'>
/* <![CDATA[ */
var tve_frontend_options = {"is_editor_page":"","page_events":[],"is_single":"1","ajaxurl":"https:\/\/humblestudentofthemarkets.com\/wp-admin\/admin-ajax.php","social_fb_app_id":"218844565180409","dash_url":"https:\/\/humblestudentofthemarkets.com\/wp-content\/plugins\/thrive-visual-editor\/thrive-dashboard","translations":{"Copy":"Copy"}};
/* ]]> */
</script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/thrive-visual-editor/editor/js/dist/frontend.min.js?ver=2.0.22'></script>
<script type='text/javascript' src='//humblestudentofthemarkets.com/wp-content/plugins/thrive-leads/js/frontend.min.js?ver=2.0.24'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/woocommerce/assets/js/jquery-blockui/jquery.blockUI.min.js?ver=2.70'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/woocommerce/assets/js/js-cookie/js.cookie.min.js?ver=2.1.4'></script>
<script type='text/javascript'>
/* <![CDATA[ */
var woocommerce_params = {"ajax_url":"\/wp-admin\/admin-ajax.php","wc_ajax_url":"https:\/\/humblestudentofthemarkets.com\/?wc-ajax=%%endpoint%%"};
/* ]]> */
</script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/woocommerce/assets/js/frontend/woocommerce.min.js?ver=3.3.1'></script>
<script type='text/javascript'>
/* <![CDATA[ */
var wc_cart_fragments_params = {"ajax_url":"\/wp-admin\/admin-ajax.php","wc_ajax_url":"https:\/\/humblestudentofthemarkets.com\/?wc-ajax=%%endpoint%%","cart_hash_key":"wc_cart_hash_de1ed6129217902565709259b8e68b43","fragment_name":"wc_fragments_de1ed6129217902565709259b8e68b43"};
/* ]]> */
</script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/woocommerce/assets/js/frontend/cart-fragments.min.js?ver=3.3.1'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/better-wp-security/core/modules/wordpress-tweaks/js/blankshield/blankshield.min.js?ver=4080'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/better-wp-security/core/modules/wordpress-tweaks/js/block-tabnapping.js?ver=4080'></script>
<script type='text/javascript' src='https://secure.gravatar.com/js/gprofiles.js?ver=2018Febaa'></script>
<script type='text/javascript'>
/* <![CDATA[ */
var WPGroHo = {"my_hash":""};
/* ]]> */
</script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/jetpack/modules/wpgroho.js?ver=4.9.3'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/themes/x/framework/js/dist/site/x-body.min.js?ver=4.6.4'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-includes/js/comment-reply.min.js?ver=4.9.3'></script>
<script type='text/javascript'>
/* <![CDATA[ */
var tve_dash_front = {"ajaxurl":"https:\/\/humblestudentofthemarkets.com\/wp-admin\/admin-ajax.php","is_crawler":""};
/* ]]> */
</script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/thrive-visual-editor/thrive-dashboard/js/dist/frontend.min.js?ver=2.0.23'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-includes/js/wp-embed.min.js?ver=4.9.3'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/jetpack/_inc/build/postmessage.min.js?ver=5.8'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/jetpack/_inc/build/jquery.jetpack-resize.min.js?ver=5.8'></script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/jetpack/_inc/build/likes/queuehandler.min.js?ver=5.8'></script>
<script type='text/javascript'>
/* <![CDATA[ */
var sharing_js_options = {"lang":"en","counts":"1"};
/* ]]> */
</script>
<script type='text/javascript' src='https://humblestudentofthemarkets.com/wp-content/plugins/jetpack/_inc/build/sharedaddy/sharing.min.js?ver=5.8'></script>
<script type='text/javascript'>
var windowOpen;
			jQuery( document.body ).on( 'click', 'a.share-twitter', function() {
				// If there's another sharing window open, close it.
				if ( 'undefined' !== typeof windowOpen ) {
					windowOpen.close();
				}
				windowOpen = window.open( jQuery( this ).attr( 'href' ), 'wpcomtwitter', 'menubar=1,resizable=1,width=600,height=350' );
				return false;
			});
var windowOpen;
			jQuery( document.body ).on( 'click', 'a.share-facebook', function() {
				// If there's another sharing window open, close it.
				if ( 'undefined' !== typeof windowOpen ) {
					windowOpen.close();
				}
				windowOpen = window.open( jQuery( this ).attr( 'href' ), 'wpcomfacebook', 'menubar=1,resizable=1,width=600,height=400' );
				return false;
			});
var windowOpen;
			jQuery( document.body ).on( 'click', 'a.share-google-plus-1', function() {
				// If there's another sharing window open, close it.
				if ( 'undefined' !== typeof windowOpen ) {
					windowOpen.close();
				}
				windowOpen = window.open( jQuery( this ).attr( 'href' ), 'wpcomgoogle-plus-1', 'menubar=1,resizable=1,width=480,height=550' );
				return false;
			});
</script>
<script type="text/javascript">/*<![CDATA[*/if ( !window.TL_Const ) var TL_Const={"security":"efa48ae0ee","ajax_url":"https:\/\/humblestudentofthemarkets.com\/wp-admin\/admin-ajax.php","forms":{"post_footer":{"_key":"3","trigger":"page_load","trigger_config":{},"form_type_id":7953,"main_group_id":6927,"active_test_id":""}},"action_conversion":"tve_leads_ajax_conversion","action_impression":"tve_leads_ajax_impression","ajax_load":0,"main_group_id":6927,"display_options":{"allowed_post_types":[],"flag_url_match":false},"custom_post_data":{"utm_source":"twitter.com","utm_medium":"social","utm_campaign":"buffer","get_data":{"utm_content":"buffer07294","utm_medium":"social","utm_source":"twitter.com","utm_campaign":"buffer"}},"current_screen":{"screen_type":4,"screen_id":11340},"ignored_fields":["email","_captcha_size","_captcha_theme","_captcha_type","_submit_option","_use_captcha","g-recaptcha-response","__tcb_lg_fc","__tcb_lg_msg","_state","_form_type","_error_message_option","_back_url","_submit_option","url","_asset_group","_asset_option","mailchimp_optin"]}/*]]> */</script><script type="text/javascript">var TL_Front = TL_Front || {}; TL_Front.impressions_data = TL_Front.impressions_data || {};TL_Front.impressions_data.post_footer = {"group_id":6927,"form_type_id":7953,"variation_key":"3","active_test_id":0,"output_js":true};</script><script type="text/javascript">
	(function ($) {
	$(function () {
		var event_data = {"form_id":"tve-leads-track-post_footer-3","form_type":"post_footer"};
		event_data.source = 'page_load';
		setTimeout(function () {
			ThriveGlobal.$j(TL_Front).trigger('showform.thriveleads', event_data);
			}, 200);
		});
	})
(ThriveGlobal.$j);
</script>	<iframe src='https://widgets.wp.com/likes/master.html?ver=20171126#ver=20171126' scrolling='no' id='likes-master' name='likes-master' style='display:none;'></iframe>
	<div id='likes-other-gravatars'><div class="likes-text"><span>%d</span> bloggers like this:</div><ul class="wpl-avatars sd-like-gravatars"></ul></div>
	<script type='text/javascript' src='https://stats.wp.com/e-201807.js' async='async' defer='defer'></script>
<script type='text/javascript'>
	_stq = window._stq || [];
	_stq.push([ 'view', {v:'ext',j:'1:5.8',blog:'141766268',post:'11340',tz:'-8',srv:'humblestudentofthemarkets.com'} ]);
	_stq.push([ 'clickTrackerInit', '141766268', '11340' ]);
</script>

  
  
</body>
</html>