Daily Snapshot

Daily Snapshot – 21 July 2021

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Well those PCR tests aren’t much fun are they. Gag-tastic. We’ve just sent an 18 year old into space for a 10 minute cruise but apparently can’t find a better way of testing for Covid than having someone judge you for dry retching and telling you to “try to stay calm” while they swab your […]

Daily Snapshot

Daily Snapshot – 20 July 2021

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So as Jeff Bezos flies to space, the tension builds with a mere 17 hours til the Quick family take PCR tests prior to our flight to the slightly less glamorous Gonzales, Louisiana (Jambalaya Capital of the World, population 9,781). It can be debated whether two weeks with the in-laws in the 100% humidity and […]

Daily Snapshot

Daily Snapshot – 19 July 2021

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So if the market was at a crossroads on Friday it certainly took a decisive turn today. A sense of inevitability to the move down (Stoxx 600 -2.3% for its worst day in 6 months) as all the supports that have been flagged here of late were tested and failed. Everyone’s a bond yield expert […]

Daily Snapshot

Daily Snapshot – 15 July 2021

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I always used to somewhat love, somewhat fear those university interview questions along the lines of “How many bricks are there in the Great Wall of China”. The panic of basically completely guessing but having to talk through the logic of how I’d got to that complete guess all embracing. It possibly explains why I […]

Daily Snapshot

Daily Snapshot – 14 July 2021

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So the heavyweights are lining up. In the Red corner we have the “it’s transitory – just chill” camp including Fed Chairman Powell and our economists. In the blue corner we have the “this is starting to look anything but transitory” camp including former Treasury Secretary Mnuchin and a certain Larry Fink. Blackrock declaring their […]

Daily Snapshot

Daily Snapshot – 12 July 2021

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OK – enough about football already. Congratulations to the Azzurri. We move on. Markets very much in a holding pattern today until the US came in and kicked us on (Stoxx 600 +0.69%) as the S&P move saw it officially double from the lows of March 2020. Where there was excitement it came in the […]

Daily Snapshot

Daily Snapshot – 9 July 2021

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I was at Taste of London yesterday. Fun, friends, laughter, good food, the occasional drink. Utterly brilliant. Just so good for the soul. Unfortunately on one of my best days of 2021 the market decided to have its worst day of the year so far. Banks and bond yields had been the canary in the […]

Daily Snapshot

Daily Snapshot – 7 June 2021

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Right – step away from the Carlsberg. Tonight we’re Carling only. It’s a bit of a taste hit obviously but if it’s what we’ve got to do to bring it home then it’s what we’ll do. And that Moretti order can go on hold for a bit too. This will definitely not be a long […]

Daily Snapshot

Daily Snapshot – 6 June 2021

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So one has to suspect the Bloomberg headline writers knew exactly what they were doing when they juxtaposed *U.K. SAYS HERD IMMUNITY IS NOT COVID POLICY GOAL: SPOKESMAN alongside *ENGLISH PUBS ALLOWED TO STAY OPEN LATE FOR SUNDAY SOCCER FINAL. Lets all just lick each others faces and get this over with. Our pharma team […]

Daily Snapshot

Daily Snapshot – 5 July 2021

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My school’s motto was Sapere Aude or “Dare to Be Wise” which to be honest was undermined not just by the lack of wisdom but also by the notion that any of us would be daring. It was not an uncommon sight to see 250 MGS boys legging it down the street being chased by […]