A pack of wolves
by Lorenzo La Posta, CFA
When I was a kid, the concept of wolves being dangerous, aggressive animals was instilled in me: they growl, they stalk, they kill. Yet, have you ever heard spine-tingling howls breaking through the night? It is primordially majestic. As I grew up, I found myself seeing wolves as fascinating, widely misunderstood creatures. I had to find my own pack.
Wolves work together to hunt for food, protect their territory and expand their reach. United they stand, divided they fall. Led by two alphas, they know they are only as strong as the weakest of them. Also, they have a set social structure and rules by which each wolf has its own function but everyone, including the alphas themselves, takes care of and raises the pups. It’s all about the team.
Market Snapshot
- Global equities rose +1.5% last week on the back of further positive news regarding vaccine rollouts
- The UK becomes the first country to approve the Pfizer/BioNTech covid-19 vaccine, which will be rolled out this week
- Brent crude rose +2.2% ending the week at $49.3 a barrel
- Gold rose +2.9% to end the week at $1838.9 an ounce