16 February 2017: Business results matter

Some say that we have entered a new phase, in which the Fed no longer dictates stock market prices. Their reasoning goes as follows: now that the Fed is about to raise interest rates in succession, it is a sign that the US economy is strong enough. In a strong economy, it will be business results that matter more than the level of interest rates. However, the prices of banking shares rose yesterday, with the prospect of a rate hike by the Fed as early as March. Some habits will need some time to fade…

white-chapel-logo-smallUS markets kept their positive mood yesterday, with the S&P 500 adding 0.50%, the Dow 0.52% and the NASDAQ 0.64%. Against the current, volatility shot up sharply: the VIX rose to almost 12 points (+11.45%). Our newly acquired UVXY ETFs added 5.65% for the day. Our model’s return since the start rose to 215%. Return for this year improved to -22%. Our previous trade made a return of 11%.
White Chapel did not give a trading signal at the end of yesterday’s session.

Accumulated capital at close of previous trading day

Return since start

Return this year

Return this quarter

$31,468

+214.68%

-21.94%

-21.9%

Our initial capital was $10,000 at 1 January 2016. Our average Annual Return is 176%.

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Wasn’t it John Lennon who once said: “Life is what happens to us while we are busy making other plans”?
Instead of writing a light hearted text about daily life in the Netherlands, René had to cancel all commitments today and jump into his car, in order to help out a dear friend in need of urgent help.
Shit happens, regardless of any agenda. And when it does, it’s always good to have some friends.