So we’ve had both the Biden Bounce and Vaccine V this week as ‘stock markets around the world added £billions to the value of shares’. Guess they, like all of us, are desperate for some good news. I almost found myself excited about the return of ‘Strictly’, until I’d watched five ghastly minutes of it (other household opinions are available). What the BB and VV prove is that, if you ‘wait until things settle down a bit’ before investing, you’ll never win, as funds can rise as quickly and unexpectedly as they fall. You’ve got to be in it to win it. As someone once said.
“Oil markets prepare for lofty prices and restrained supply”
Plus ça change and tout ça. Many thought a positive by-product of Covid might be the fuller-throttle demise of fossil fuels. Alas no, looks like supply and demand alone won’t make all of us and our friends electric. Even though Trump won’t be reopening the coal mines...
