2021 is all about looking forward, not backward. I am very much embracing that spirit and taking up the offer to move to join our algo team. It's safe to say that I cannot wait - exciting times ahead. What it does also mean though is that this will be the valedictory 2:15. We are moving to an end of day summary that my colleagues write. If you would like to be added to that distribution do please just let me know. In these wild markets every little helps! My last 2.15 comes at the end of one of the wildest weeks - markets possibly exhausted by all the excitement have drifted lower but on volumes that are a lot lower than we've seen all week. Europe has been testing their 50dma lately and that remains the key technical level for most indices. Looking at sectors, Tech has been the only one in the green all morning although Ericsson is helping out there (reported strong set of results, ERICB SS +10%). The rest of the sectors are all in the red although we should not forget their performance in the prior month. Technology top performer (up 5.2% in Jan so far), followed by Basic Resources (up +3%) and Healthcare (+2.7%). Main laggards include Insurance (-2.8%), Travel & Leisure (-2.7%) and Food & Beverage (-2.6%).
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