Back in the day, I had a mild obsession with Mario Draghi’s ties. At the time, the Italian was president of the European Central Bank and the internet was fun in a way that is hard to imagine now. Very online people, including me but also including supposedly busy bankers and fund managers, spent a decent amount of time on Twitter guessing what colour tie Draghi would wear to his post-rate-announcement press conference and what symbolism it would convey. (Answer: none, but it was good clean fun, and that electric blue tie did seem to come out a lot at key moments.)
His successor Christine Lagarde upped the ante big time this week, explaining the ECB’s historic decision to cut interest rates out of step with the US while sporting a necklace that spelt out “in charge”. I am in awe of this styling move and will henceforth pay more attention to her bling.
However, it increasingly feels like the thing to watch is not ECB neckwear but Nvidia, Nvidia and Nvidia.