Good things come to those who wait *apparently* and given the fact that Halloween is just around the corner, here’s to hoping that the Fed can gift us with some early fireworks later to kick things into gear after what has been a relatively muted September thus far. No doubt that there is lots to play for, equities are a stones throw away from all-time highs, the Yen is hovering just above 141.7 (Aug’s carry-trade unwind level) and the CNN fear & greed indicator has flipped back into ‘Greed’ fo…

Now obviously it’s a sackable offence to start talking about Christmas while the clocks haven’t even gone back yet, but here at the Snapshot we can tick one thing off your to-do list. Yes, your Christmas presents are sorted. Look no further than a new entrant to the jewellery market with sausage roll earrings that are surely the look for every aspiring model at London Fashion Week. Silly season hopefully coming to an end in the papers with this story and the real news begins this evening of cou…

Twas’ a dreary old day in London, with some early samples of the yellow thunderstorm which is supposedly on its way and times like these normally call for some home comforts. A pint of Guiness normally does the trick for myself and given the strong response rate to the biscuit survey in previous editions of the Snapshot, it seems only right to get some feedback on where the best glass of Guiness can be sourced in London? My choice would have to be the Sheephaven Bay (I am possibly biased) but v…

Well there was never really doubt where we were headed today was there? Appetite for risk has completely absconded with a plethora of reasons for mkt concern and our charts wizards are on the ball as always with important levels to be aware of now that Sept seasonality looks to be well underway. We kicked off proceedings on the back of a pretty bleak handover from the US, which saw the SOX index fail to clear its 50dma alongside fresh new lows for the Mag7 which is now a relative underperformer…

It feels like the words ‘wait and see’ have been haunting those behind the screen here in Europe for quite some time now and as we exit the ‘end-of-summer lull’, those hoping to trade some daylight hours in exchange for an uptick in volumes may have found small respite in participation levels improving vs the 5 &10d ma’s today, but sadly well below the 20d as much of today’s session was spent waiting for US mkts to reopen following Labor day. Mean reversion was behind most early moves, as yday…

Well it felt like we were trundling down a narrow creek for the earlier part of today’s session, trickling along off early lows, with volumes light ahead of the latest weekly US jobs data which is normally nothing to write home about but felt firmly in the spotlight today as angst continued to linger following last week’s soft NFP number. Further publications around a US recession this morning did little to quell fears, with yesterday’s bounce feeling largely in the rear-view mirror.. that is,…

*And… Breathe!* Well – there you have it , the busiest day of corporate earnings behind us here in Europe as over 110 companies took to the stand earlier. It was easy to feel like you were caught in the whitewater with results flooding the tape and there was little time for investors to surface for air as some unforgiving single-stock moves drove sentiment firmly to the floor as the Q2 results picture continues to be murky. Pain was exacerbated in French equities, with the CAC 40 (-1.15%) makin…

Well it’s safe to say that the past few Sundays have not been shy of any drama, with each edition serving up a cocktail of sporting thrillers and political bombshells alike. The former included yesterday’s All-Ireland Hurling final which saw Clare keep Cork at bay in spectacular fashion with a nail-biting finish that is well worth a watch! For the latter, we jump across the Atlantic from Dublin to DC, where the final whistle was blown on President Biden’s 2024 US election hopes as he stepped as…

Having enjoyed some time-off last week moseying about the Basque country, the highlight has to have been the few days spent marvelling at the festivities of San Fermín. Cobblestone streets that echo from the clatter of marching bands, bars which seem to never close, all followed by a tumbling sea of white and red during el encierro, which kicks off at 8am and definitely not for the faint hearted. Fast forward to today, and the colour red has been difficult to escape, as earnings related decline…

Well whether you’re celebrating Independence Day or just the return of the sunshine I’m sure you’ve allocated plenty of time to read today’s Daily Snapshot (ahem) amidst the sizzle of your star-spangled barbecues, eagerly anticipating tonight’s pièce de résistance. While our American friends focussed on their hotdogs, it appeared that today’s fireworks were indeed reserved for celebrations across the Atlantic, with markets missing their spark as EU indices trudged higher on greatly reduced volu…