20 March 2017: G19?

Last weekend’s G20 meeting of finance ministers from the world’s leading economies does not bode well for the future. Steven Mnuchin, the new US Treasury secretary, could not be persuaded by his fellow finance ministers to make any positive remarks on the themes of free trade and protectionism. In July, the world leaders will have their G20 meeting, also in Germany, and it is very likely that the same pattern will recur. Stock investors should be able to hear the first alarm bells ringing by now. Protectionism has never led to an improvement of the world economy. It is like a prisoner’s dilemma: only when participants are prepared to look beyond their personal interests, the dilemma has a positive outcome. Donald Trump was definitely not the first in line when the abilities to do so were handed out…

white-chapel-logo-small

US indices were slightly lower at the end of Friday’s session. The VIX came off from its low levels and rose 0.62%. UVXY ETFs were down more than 2% for the day and XIV ETNs made a gain of more than 1%.
Danny Daredevil switched from XIV to UVXY at the beginning of Friday’s session. Danny recorded a small overnight gain from that trade, but because of the intraday loss it made on UVXY, it ended the day with a small loss of 0.06% for the day. Adventurous Anny sold her XIV ETNs with a profit of 0.79% for the day. The total return of this trade was 8.17%. Solid Suzy and Lazy Larry held on to their XIV ETNs and added 1.28%.
No trading signal was given at the end of Friday’s session.

Model Holds Start date

RSS

YTD

QTD

AAR

Danny Daredevil
UVXY 1 January 2016

231.53%

-17.76%

-17.76%

169%

Adventurous Anny Cash 6 March 2017

8.17%

8.17%

8.17%

Later

Solid Suzy XIV 6 March 2017

10.35%

10.35%

10.35%

Later

Lazy Larry
XIV 6 March 2017

10.35%

10.35%

10.35%

Later

RSS = Return Since Start | YTD = Year-To-Date | QTD = Quarter-To-Date | AAR = Average Annual Return

 

ta_v05-small-invWhile New York City experienced snow storms at the end of last week, in the Netherlands it felt like summer had already started. Tim went to a nature reserve to the west of his hometown and witnessed what happens when winter meets summer.