Facebook Unfriended

  Market Scorecard Due to concerns about Facebook, the stock was down 7% yesterday. Byron has written more about it below. Most of the tech sector was then down in sympathy, and given the size of leading tech companies that meant broader markets were down too. Yesterday the JSE All-share closed down 0.02%, the Dow … Continue reading Facebook Unfriended


The Tone of Jerome

  To market to market to buy a fat pig. The markets were quiet going into the weekend as we all wait to see what the Fed will announce on Wednesday. It seems that an interest rate hike is a foregone conclusion, what the market is more interested in is what Jerome Powell will say … Continue reading The Tone of Jerome

Rex is Trumped

  To market to market to buy a fat pig. US inflation released yesterday was in-line with expectations, which resulted in the equity market rising and US treasury bonds falling. With little indication of rising inflation, it means fewer interest rate hikes; good news for equities, bad news for bonds. Then another change to 'Team … Continue reading Rex is Trumped