27 September 2016: Hillary and Donald

Uncertainty about the outcome of the US Presidential elections is causing nervousness among investors.

vote-usThe run-up to the US Presidential elections is making investors nervous. Almost a quarter of the electorate is not sure who to vote for. The influence of the debates between Hillary Clinton and Donald Trump on voters’ decisions is – in the words of The Donald – huge. As Robert Pavlik, chief market strategist at Boston Private Wealth notes: “The markets are not focusing on the health of the economy, interest rates and geopolitical events”. Just the mere fact that it’s unclear what the outcome of the election will be, weighs heavily on the stock markets. It’s unlikely that things will be much clearer after Monday’s debate. The Presidential election is a nice pause-act between the Fed’s meetings of September and December. It is a good way of maintaining a moderate or even high level of volatility.

white-chapel-logo-smallInvestors were getting more nervous during Monday’s session. All major US indices lost almost 1%. Volatility was substantially on the rise: the VIX gained almost 18% and our UVXY ETFs added almost 11%. White Chapel‘s return for the year went up to 236%. Return for the quarter is almost even now. White Chapel did not give a signal, still happy with the UVXY ETFs.

Accumulated capital at close of previous trading day

Return since start

Return this year

Return this quarter

$33,628

+236.28%

+236.28%

-1.0%

Our initial capital was $10,000 at 1 January 2016. Our average Annual Return is 428%.

marmereendTim’s hometown is gripped by a rare bird. In a nature reserve to the west, Tim was confronted with an unusual high number of cars that were parked on the side of the road in the verge. He already suspected that it had to do with some atypical event, like the sighting of the yellow-white wippywappy. He was almost right, but the object of desire for many bird spotters turned out to be a marbled duck.
It is only the second time in history that a bird like this is seen in the Netherlands. The previous occasion was more than ten years ago. The extreme weather conditions in the Netherlands (Sunday was unusually hot for the time of year) might explain why a bird that is typically seen in Spain is having a good time that much up north.