20 October 2016: Indelible marker

trumplastLast night, the final debate between Hillary Clinton and Donald Trump took place. After the many blows that the Donald had to take on the chin the last couple of weeks, were there some (ahem) trump cards left up his sleeve that he could play? Unfortunately for him, there weren’t any. To investors, this is probably good news. Many of them will strike out the name of Donald Trump on their list of uncertainties that have had a grasp on the markets for months now. With the outcome of the Brexit referendum in the back of our minds, they are advised to use a pencil instead of an indelible marker.

white-chapel-logo-smallUS markets kept their momentum yesterday, on the basis of strong earnings and rising oil prices. The S&P 500 and the Dow added 0.22% and the NASDAQ 0.05%. Our XIV ETNs gained more than 2%. Return for the year passed the 240%-mark, return for the quarter is above 10%. Our average Annual Return is closing in on 400%.
White Chapel did not give a signal at the end of the trading session, but is moving fast toward a positive advice on buying volatile securities.

Accumulated capital at close of previous trading day

Return since start

Return this year

Return this quarter

$34,003

+240.03%

+240.03%

+11.0%

Our initial capital was $10,000 at 1 January 2016. Our average Annual Return is 369%.

RS_v05-smallWouldn’t that be nice?, René thought, when the news got to him about the probability of a historic first for European space programs: a successful touchdown on Mars. After Rosetta crashed on a comet less than a month ago, and with the Beagle 2-debacle fresh in memory, the European Space Agency (ESA) could use a bit of good news to feed their PR machine. Schiaparelli, the EDM lander at the size of a small car, should do the trick. But as the evening evolved, no definite word came from ESA on Schiaparelli’s fate, as the probe’s signal seemed to have failed prior to landing. Hopes that it had made a successful touchdown on Mars’s rocky surface diminished by the hour. At ESA, experts would work through the night, assessing the situation. René, not expecting to hear any news before midnight, decided to have a good night sleep, and to hear all about it in the morning.
At night, he woke up at half pas three. Not much of a problem, usually when that happens he just turns around and falls back asleep almost instantly. But this time, he couldn’t resist to tune into the news radio for a moment. He heard a man and a woman, caught up in a fierce verbal fight. They were arguing in turns: two minutes of mudslinging by the man, followed by two minutes of mudslinging by the woman. Ah yes, René thought, and kept listening until he eventually gave way to sleep. After all, this wasn’t the crash landing he wanted to hear about.