Well that’s a bit more like it. A full team in the office here today and our busiest day in two months. Surely not a coincidence and we’re just starting to get glimpses of a return to normal – mostly from the needless ordering of bacon sandwiches each morning as we celebrate a certain person’s […]

So first of all a big congratulations to all those celebrating their CFA results and their (children’s) A-Levels today and commiserations to all those who didn’t quite get what they wanted. What a year it must have been for all those studying so whatever the Daily Mail makes of grade inflation I’d say any celebrations […]

Jetlag is fun isn’t it? I’d sort of forgotten just how fun it is. But here I am two and a half days after landing back and still essentially on Louisiana O’Clock. Good times. Anyway I’m told its called Jetbrag nowadays so I’ll not overdo it on the moaning. Am aware I’m lucky to have […]

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 […]

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 […]

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 […]

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 […]

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 […]

Absolutely sensational scenes here today as our summer intern finally made it to the office a mere 358 days after he was first due in. I mean there’s late and there’s late isn’t there. He mumbled something about a pandemic getting in the way but we all know it just means he’s in for a […]

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 […]