THE ARDBEG EMBASSY, STOCKHOLM – Turns out the Swedes aren’t half bad at distilling whisky. What they are bad at is charging an affordable price for it.
Though perhaps I shouldn’t blame the Swedes. This establishment is after all owned by Ardbeg, a Scottish distillery which is in turn owned by French luxury conglomerate LVMH. It would be fashionable to blame the “the wolf in Cashmere”, its billionaire CEO… though I expect the real culprit is the teetotaller lobby in the Swedish government who aspire to purge the water of life from the country with the rod of taxation.
But enough booze for the moment – it is only Tuesday. Back to the markets…
If you’re interested in trading, and haven’t yet signed up for our “Power Hour” market event, do so here now, and pronto! A hedge fund veteran has recently joined our ranks, and he’ll be going live with his next big trade on Thursday – you’ll walk away with the name of the asset in question, it’s ticker, and his rationale behind it. Don’t miss it.
The recent action in bitcoin has drawn me back into the crypto/digital asset space. It’s nice to be back – the furniture is familiar – but boy does this sector evolve fast. Within moments of logging on to a couple of my old accounts on crypto exchanges, I found entirely new breeds of assets and means of trading them. A development which had passed me by was the rise of leveraged tokens which when bought, amplify your exposure to certain cryptos several times over (for lunatics who find the existing volatility in the sector not high enough). (more…)