9 February 2017: Trump-free day

The last few months, Donald Trump has been mentioned (almost) every day in this place. Ever since his nomination for the Republican party, the Donald has moved his way up the ranks of most popular tags on this blog. So, we decided to make this a Trump-free day. Donald Trump will be the Voldemort of this daily edition. Because there is really not a single reason to comment on Donald Trump today. Even the fact that President Trump called his national security adviser in the middle of the night for guidance on the preferred strength of the dollar is not worth wasting our digital ink.

white-chapel-logo-smallUS markets were mixed yesterday: the S&P 500 and the NASDAQ went slightly up, the Dow slightly down. Volatility rose slightly, but the VIX is still very low at 11.45 points. Our XIV ETNs added 0.4%. Our return since the start is 167%.
White Chapel remained in a bull state and is far away from a trading signal. We keep our XIV ETNs.

Accumulated capital at close of previous trading day

Return since start

Return this year

Return this quarter





Our initial capital was $10,000 at 1 January 2016. Our average Annual Return is 142%.

In mid winter, the summer feels far away. For René, this winter has gone on long enough. He is longing for the summertime. But his patience is being tested, as Dutch winters have one remarkable feature: they always last longer than desired. A great opportunity though, to evoke the feeling of summer by reading a poem. And not just a poem, but a haiku by one of Japan’s most famous poets, Matsuo Bashō (松尾 芭蕉, 1644–1694):


Shizukesa ya
Iwa ni shimi-iru
Semi no koe

Deep stillness
Seeping into the rocks
The voice of the cicadas