Market Scorecard Emerging markets saw red across the board as global markets were in risk-off mode yesterday. The good news is that overnight there has been a gear shift back to risk-on. Most of the East is in the green by around 1% this morning. When the market whipsaws like this, I think of … Continue reading A Caffeine Shot of Dividends
Market Scorecard Logging into my markets homepage this morning, I saw that US markets were basically flat on their close last night. I then switched over to emerging markets, and my screen was flooded with red. Asian markets are down around 2% this morning, with Chinese stocks dropping to a level not seen since … Continue reading Turbulence in the Developing World
Market Scorecard Wow, Mexico shocked Germany in the Fifa World Cup yesterday (Mexicans jubilant over World Cup win trigger earthquake sensors). After the match, social media was full of cartoons showing Angela Merkel calling Trump, asking when the wall was going to be built. On to more serious matters though, on Friday global stocks … Continue reading Economies and Football
Market Scorecard On Wednesday our focus was on the US Fed, and yesterday we shifted our attention to the European monetary authority - the ECB. The big news was that they expect their Quantitative Easing (QE) program to be done by the end of the year. The Fed ended their QE program all the … Continue reading ECB Says Bye to QE
Market Scorecard As expected, the US Fed raised interest rates last night. More important to global markets, in general, was what Fed chief Jerome 'Jay' Powell had to say at the press conference. Would he hint at the possibility of three or four rate hikes this year? The general take away from the press … Continue reading Two Oil Giants Face-off
Market Scorecard The market yesterday was rather subdued, which is normally the case on the day before a US Fed interest rate decision. It is safer to wait a day than be caught on the wrong foot by the Fed doing or saying something unexpected. As long-term investors though, politics and central bank actions … Continue reading Stocks Top Bonds
Market Scorecard The Kim and Donald meeting seemed to go well this morning, there was plenty of hand shaking and smiling for cameras. They also signed some form of agreement; we are not sure what it is though. Nobel Peace Prize on its way? I glanced at a graph of the RSA 10-year yield … Continue reading Strykes in Boston
Market Scorecard Things were going swimmingly yesterday; talks with China were progressing well as China agreed to lower tariffs on imported cars and car parts, which meant our market closed in the green and US markets opened in the green. Then at around 3 pm, US time, Trump commented that he wasn't pleased with … Continue reading China Trumped Again. . .
Market Scorecard Given that there are between 193 and 195 countries in the world, depending on how you define it, it makes sense that when you put the politics from one country behind you, another country puts their hand up. This time it is Italy, and their new populist government. The expectation is for … Continue reading Italexit?
Market Scorecard "We're putting the trade war on hold," Treasury Secretary Steven Mnuchin said on Sunday. We still have to wait and see what the exact 'truce' will look like, for now lower tensions between two heavy weights means Asian markets are higher this morning. On Friday the JSE All-share closed down 0.65%, the … Continue reading The Luck of the Privileged