Rather historic events 50 years ago but I can’t help thinking that Politics in the UK and also the Markets are unlikely to be a ‘Sea of tranquility’ in coming months. I will get onto the Index Charts later in this Blog, but they are particularly noteworthy because the US Indexes had a big down day on Friday and this suggests to me that they are starting to turn down. It might just be a healthy pullback but with all the Economic and Political woes around the Globe it could easily become something larger.
On Tuesday we should get it confirmed that Boris will be the new Prime Minister (I think it is around 11am but I might be wrong) and then on Wednesday Theresa Maybot will do her last PMQs and then she will head off to see the Queen and shortly after this Boris will go and see the Queen and then the ceremonials will be out of the way. There might be some drama on Wednesday morning when Philip Hammond, the Chancellor, is saying he will resign pretty much after PMQs by the looks and several other Cabinet Ministers are likely to resign as well. Needless to say, the need to appoint a new Cabinet will be immediate and we might even get news on this on Wednesday Night.
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I’m looking forward to taking things easy in the coming week after a very hectic week in which I went down to Portsmouth, went up to Gaydon and then spent hours driving around Hyde Park in a futile attempt to find the Disabled Parking area which was rumoured to exist, before seeing Florence & the Machine. Fortunately we did manage to abandon the car and get to the concert but it wasn’t really the kind of relaxed and smooth journey I ideally needed. In a desperate hunt for any positives, at least it proved to me that my Seat Cupra is much easier to drive in London than the previous Leon I had and the Satnav is pretty good although of course it is probably a lot easier when you have a co-pilot who is using the system. If I had to worry about that as well as trying to drive, with pretty much every other road user trying to dent my car, it would probably be quite stressful and not something I want to submit myself to without good reason.
I have a ridiculous amount of stuff on this coming week and the big one regarding Market-related activities is the ‘Meet-up’ at Gaydon British Heritage Motor Museum on Friday 12th July. If you skip over to the ‘Events’ page then you might find a bit more detail but the essence is that anyone who wants to turn up can do so and I expect to be there probably about 1pm or a bit before if the traffic on the M40 is unusually kind and I will go straight to the Canteen area which is sort of on the upper floor of the main Museum building.
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