Musk Taunts Shorts

Market Scorecard Yesterday was a double hit of US jobs data. We had the regular Thursday release of weekly jobless claims, and then the monthly unemployment data landed a day early due to the public holiday in the US today. The unemployment data is the main focus of the market, and it shot the lights … Continue reading Musk Taunts Shorts

Tour de Home

Market Scorecard Now that the second quarter has come to an end, we are able to take stock. Looking at the US market, the tech-heavy Nasdaq was up 30%, and the S&P500 was up 20% - the best quarter since the late 90's. The strong quarter comes after the S&P 500 was down 20% for … Continue reading Tour de Home

Lemonade Stand

Market Scorecard It was a mixed day for markets yesterday. The day started off in the red, apparently due to negativity around an increase in infections in the US. The fear is that this second wave of infections will result in a new lockdown or slow the lifting of the current lockdown restrictions. Yesterday, the … Continue reading Lemonade Stand

Rogan gets Ripped

  Market Scorecard Yesterday gambling stocks surged locally with Tsogo Sun Gaming and Sun International up 36% and 23% respectively. At the other end of the scale some local companies have started to raise money from shareholders, showing the pressure on company balance sheets. Curro and TFG (The Foschini Group) have both announced that they … Continue reading Rogan gets Ripped

Tap is King

  Market Scorecard Last night our president announced that the South African economy would continue to open up, as we move from level 3 to advanced level 3. The exact dates and details will still be announced, but we know that many higher-risk professions are being given the green light to resume operations. As a … Continue reading Tap is King