E Nice Weather And A Heavy News Day

Nice weather and a heavy news day, moreover not all upbeat like yesterday, alas. My British husband decided that the royals missed the boat when Meghan joined the family because even today there are many countries with a commonwealth history and mostly non-white citizens. They are now in shock because of the racism shown by some members of “the family firm”. It is nice to know it was not the Queen but of course, the young royals were more likely to seek comfort from someone closer to them in age, or someone designated by the palace to deal with younger royals. So a missed opportunity to show solidarity with Prince Harry and his wife over how their son would look has repercussions beyond the hurt they felt. An aside, the Oprah Winfrey interview also showed that TV broadcasts still make economic sense.

The rally is continuing but it is mostly for US shares, not global ones. Mostly big board and definietely not Nasdaq. Not Gamestop, and alas not Nokia, a Finnish share that was tipped by Reddit again. I am buying more NOK at $3.95.

Business newspaper article

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*Standard Life Aberdeen is exiting some of its fund management operations after losing the Lloyd's Bank account. This cut funds under management in half last year compared to 2019, to £29 bn. Non-Lloyd's fund outflows were only £3.1 bn. New CEO Stephen Bird in the conference session stressed that levels of funds under management and profits rose in H2, but also revealed a package of measures to cut the groups costs to income ratio from 85% to 70%. This will require new signups for SLFPY funds from the UK and foreign groups. The Scottish group cut its dividend by a third to 14.6 pence/sh, which analysts mostly had not anticipated. We don't want to sell in a panic. SLFPY opened up 1.04% so we are not alone.

*Panama's Banco Latinoamericano de Comercio Exterieur rose steadily today on no BLX news.

*Bank of Nova Scotia rose 1.75% on no news. BNS.

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