11 May 2017: You’re fired!

Yesterday, US President Donald Trump was under the impression that he was still part of the series The Apprentice. The Donald fired James Comey, Director of the Federal Bureau of Investigation. Comey was addressing a group of FBI employees in Los Angeles when a television in the background flashed the news that he had been sacked. He thought he was pranked by another television series, before it dawned on him that it was no joke. There was only a slight reaction from stock markets at first. But this might change the upcoming days. The surprise firing of a FBI director is not something that has an influence, if any, on stock markets. But Democrats and a growing number of Republicans are getting more angry with Donald Trump’s unpredictable behavior. In the future, they might want to get even with the President by frustrating the vote on policy measures, such as tax reductions, that matter to him. And that frustration could have a huge impact on stock markets…

white-chapel-logo-smallThe NASDAQ closed at a record for a fourth session in a row yesterday (+0.14%). The Dow slipped lower (-0.16%) as news of the stunning firing of FBI Director James Comey reached investors. The S&P 500 was up 0.11%. Volatility rose as a result of the unrest caused by the firing of Comey: the VIX crept above 10 points and closed at 10.21 (+3.82%). UVXY ETFs profited only marginally (+0.64%). There might be more gains underway. XIV ETNs recorded a small loss: -0.33%.
Danny Daredevil, who is in the possession of UVXY ETFs, profited from the unrest. His RSS rose to 263%. Adventurous Anny was unchanged at an RSS of 22%. Solid Suzy and Lazy Larry took a small step back. Their RSS is at 19%. The average annual return of our models is between 150% and 200%.
None of our models gave a trading signal at the end of yesterday’s session.

Model Holds Start date

RSS

YTD

QTD

AAR

Danny Daredevil UVXY 1 January 2016

262.67%

-10.03%

-22.63%

158%

Adventurous Anny Cash 6 March 2017

21.78%

21.78%

0.0%

197%

Solid Suzy XIV 6 March 2017

19.38%

19.38%

9.00%

166%

Lazy Larry
XIV 6 March 2017

19.38%

19.38%

9.00%

166%

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

 

The Chapel Family – Episode 4

Danny, Anny, Suzy and Larry on a bicycle ride in the hillside. As they climb a hill, Danny finds out that he gave too much at the bottom of the climb. He slows down a bit and is passed by Suzy and Larry.
Leading the peloton is Anny. She shows a relentless amount of energy as she climbs her way to the top easily, and with a big smile on her face.
Suzy and Larry, singing in choir: “Oh Danny Boy, the pipes, the pipes are calling / From glen to glen and down the mountain side / The summer’s gone, and all the roses falling / It’s you, It’s you, must go, and I must bide.”
Danny, clearly not amused: “Shut up!”
“Now you three stop whipping!” Anny admonishes them. “Better watch the road!”