Daily Snapshot

Did we just see the least enthusiastic rally of the year so far? It feels very possible but it’s maybe the two hour call I had with the EU regulator and assorted others discussing the likelihood of a consolidated tape in Europe that took away some of my zest for life today. Markets trudging their way back to just above where we started out yesterday (Stoxx 600 +1.82% to 441.55 vs Monday’s close of 439.91) after the late rally in the U.S and a lack of much of anything in Asia (Japan and China both closed) meant that any conviction people were starting to feel to the downside fizzled pretty quickly.

It’s going to be a sad goodbye but my 16 year old Volvo and I will soon have to part ways. The ULEZ changes beckon so, on Saturday, I started to scout around for an Ultra Low Emissions Vehicle (very reminiscent of my switch to “cleaner” diesel in 2005 which was also a government led initiative). I don’t know if you’ve tried to buy a car recently but the message is clear – buy what you can now because there’s nothing coming any time soon.

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