I had a fairly major knee surgery at the end of November and as I slowly recover and get more mobility on my crutches I realise it has taught me a few lessons including the benefits of slowing down a bit in life and having a little patience. It also feels the market is having a similar approach to the start of 2024, there are quite a lot of things going on, quite a lot of moves but on the whole investors feel comfortable to let this week pass by which does feel quite prudent with 250 sessions o…

Okay right let’s admit it, we’re all completely obsessed with Luke Littler now, are massive Darts fans, know what the Oche is and have been properly impressed with his Double 10 finishes – or maybe it’s just me!? He’s a Manchester United fan but we can forgive him that and I’m sure most are hoping he makes history tonight. Two darts references in two days to start the Daily Snapshot’s for 2024 is probably above the yearly quota so there will be no more of them you’ll be glad to hear and thankfu…

A clean slate for what will likely be a lively year for Equity markets as we navigate inflation, rates, company performance, a raft of very uncertain geopolitical situations and have a number of key elections thrown in for good measure. Today however was a day to get back in the swing of things, adjust to that early alarm, fret about Tax returns and rave about a 16 year old darts player that none of us knew a couple weeks back. Certainly less darts thrown by investors than at Ally Pally and alt…

So there we have it, I estimate 220 or so Daily Snapshot’s for 2023 from the team at Redburn Atlantic and here we are at the last. Firstly we hope they remain useful, insightful and on occasion (when Quicky writes them) entertaining. Secondly, putting them together has been rewarding, mostly entertaining and on very rare occasions quite tedious! I’ve certainly had to get myself clued up on Yield curves, bond auctions, inflation data and all other sources of macro indicators because 2023 has bee…

Here we go, in the famous words of Delia Smith at half time of a Norwich game – ‘Let’s be havin’ you!’ A blockbuster 48 hours awaits us and we spent most of the day patiently impatiently waiting for what Mr Powell and the Fed have to say for next year. A 99% probability of no change in Fed funds rate today (….So you’re saying there is a chance?!) and as well as a Powell press conference, focus will be on new staff economic projections and the ‘dot-plot’ of FOMC members’ views on future level of…

The UK prime minister Rishi Sunak is facing a crucial vote in parliament on the Rwanda bill this evening and with his popularity now as low as Liz Truss (an approval rating of -25.4, according to Conservative Home) the infamous Lettuce which outlasted Truss has, in some parts of social media, been resurrected to challenge the PM’s longevity. The big risk is that with a fairly evenly split Conservative party the bill could be voted down in parliament this evening. Such a defeat (the first of thi…

The two week countdown to Christmas is on. You can almost hear the winding down of gears. Bloomberg green dots increasingly turning to red from midday, investors having a look at portfolios and judging whether to make any last minute changes and a frantic rush to find Christmas presents. I certainly know which one is my biggest problem in that list! There will still be liquidity this week though (in every sense) and while markets made a tepid start there are some possible fireworks on the hori…

It’s Christmas Jumper day so it’s always an awkward moment when you compliment someone on their Christmas jumper then realise they aren’t partaking in the event and their wardrobe is just a bit more festive than most. A few very good showings today in the Redburn Atlantic office and I particularly liked Nick Glydon’s which came with jingling bells so I knew when he was close. Keeping Nick Glydon and the charts team close is very important at this time of year when there is a bit of a lull in co…

Christmas is coming and in a clear sign that we’re in a bull market once again, the £395 pound ‘Ultimate Father Christmas Hat’ is completely sold out. Santa must be getting a good deposit rate at the Royal Bank of Lapland! Today was another day where there weren’t too many noticeable parts moving but the path of least resistance was noticeably back higher once again. The Stoxx 600 closed up 60bps with a broad based rally with a number of indices in Europe (Spain, Italy, Germany) still at new al…

I’m not much of a wordsmith but I was surprised that I had never heard the Oxford University Press word of the year used in context. The word is ‘Rizz’ an apparent abbreviation of Charisma and a colloquial word defined as style, charm, or attractiveness (not to be confused with Rizo aka Phil Risley our Algorithmic trading guru though stylish and charming he is). Maybe that is me confined to the Millennial bucket forever when this is clearly a Gen Z world we’re all living in. I’m probably using…