Daily Snapshot – 14 July 2022

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Well we said yesterday that winter was coming but I’m not sure anybody was expecting it to start within twenty four hours of the note. Especially not in this heat. Downside worries for the euro, industrial assets and banks all playing out today as a miss from JP Morgan (-5%) in the US kicked earnings […]

Daily Snapshot – 13 July 2022

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So the question on my mind (and possibly Courteney’s) is whether the Snapshot should take a summer holiday too. August on the beach? Back refreshed and raring to go in September? Pina coladas all round? The one thing stopping us doing that (other than our innate professionalism) is that these markets are not stopping for […]

Daily Snapshot – 11 July 2022

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So it’s getting quite fractious out there. Different camps forming. Some people with very strong views, others huffing that they’re all the same so what’s the point even talking about it. Yes – the What’s the Best Rosé of Summer ‘22 debate is upon us. I’m very happy to hear your favourites. Whispering Angel at […]

Daily Snapshot – 7 July 2022

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Right my goodness there’s a lot going on. Where to start. Where to start. Let’s start with China who sparked some life into this market mid-morning on reports the government were mulling $220bn of stimulus via “unprecedented” bond sales. All the usual China plays ripping on that but the details slightly more nuanced given it […]

Daily snapshot – 6 July 2022

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You gotta love PMQs haven’t you. Not quite the punch up that they have in some of those Eastern European parliaments but a decent hour of verbal sparring nonetheless. “There’s so few of you left, it’s like the Charge of the Lightweight Brigade” and “this could be the first example of the sinking ship leaving […]

Daily Snapshot – 4 July 2022

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“Happy Second Place Day” said my (American) wife today. That’s the traditional greeting she gives me on July 4th which I usually shrug off cos I’m bouncing out of the door with one eye on a midday meet up on a terrace somewhere for a nice long – ahem – business meeting. But on a […]