It was interesting to look at the winners and losers in last week’s stockmarket Biden Bounce and Vaccine V. Cineworld led the charge, up 50% together with Stagecoach, National Express, Trainline and the airlines, Gym Group and property companies all by more than 30%. Games Workshop (doesn’t mean your teenager will come out of his room), Ocado, Just Eat and some of the tech companies quoted over here were all down. Entirely predictable, of course. With the great gift of hindsight.
“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...