23 February 2017: The Netherlands first?

The Brexit comes with a great amount of uncertainty among international companies. Yesterday, it was reported that some hundred companies, mainly in the financial sector, are considering a move from the United Kingdom to the Netherlands. Currently, the City of London is Europe’s financial heart. This might change, once a substantial number of banks, investment firms, etc. start crossing the North Sea and choose Amsterdam, the present Dutch capital of finance, as the domicile of their European headquarters. Will the Netherlands become Europe’s first (and foremost) business location for financials?

white-chapel-logo-smallIn the end, US markets hardly moved yesterday. The S&P 500 and the NASDAQ were slightly down, the Dow was slightly up. The VIX made a modest gain (+1.74%) and is now approaching 12 points. Our UVXY ETFs added almost 1%. Return since the start improved to 232%.
White Chapel appeared to be approaching a trading signal the previous days, but moved away from it yesterday. It is likely that we will have to keep the UVXY ETFs in our portfolio for more days to come.

Accumulated capital at close of previous trading day

Return since start

Return this year

Return this quarter

$33,152

+231.52%

-17.76%

-17.8%

Our initial capital was $10,000 at 1 January 2016. Our average Annual Return is 184%.

This is part II of René’s series of photographs themed “Trees in cities”. (For part I, see the blogpost of 15 December 2016).
Images speak louder than words. For that reason, René uses a more limited vocabulary to describe what is to be seen in the picture:

This is one beautiful street.
It’s tremendous.
Magnificent.
Amazing.
Incredible.
Really great.
Believe me.
But what would it be without the trees?
A mess.
A mess.
You wouldn’t believe it.
A total disaster.
Seriously, it would be so bad.
And believe me, it would be so bad, you would have to see it to believe it.
It would be such a disaster, like you’ve never, ever seen before.
Believe me.