Market Scorecard Asian markets are up for the second day in a row, putting aside the tensions in Hong Kong. It seems the focus is more on global economies reopening, where Japan has lifted its state of emergency. Looking at South Arica, the yield on our government debt has continued to drop, now back … Continue reading Nvidia Chip and Chase
Alibaba
It’s Raining Content
Market Scorecard Apple announced yesterday that due to coronavirus disruptions, they will miss their quarterly guidance forecasts. The disruption is felt through slower production and lower sales. This warning from Apple seems to have spooked global markets, as Asian markets are lower this morning coupled with lower US futures. Locally, trading statements from Bidcorp … Continue reading It’s Raining Content
Is Mediclinic getting its Health Back?
Market Scorecard Some days the market just trundles along with no real direction. Yesterday was one of those days. As you can see below, neither the JSE All-share or the two US indexes moved with any conviction. As it stands, the trade truce is pencilled in for next month, and we won't have any … Continue reading Is Mediclinic getting its Health Back?
Timeless in China
Market Scorecard There you have it, the third quarter of the year is done. The inevitable march of time. For the JSE All-share it was the worst third quarter since 2011, we were down around 6% for the three months. Kicking off the quarter was the NHI bombshell. If you look at a graph … Continue reading Timeless in China
I’m On a Boat
Market Scorecard As expected there was a rate cut from the Fed last night, but it was a 'hawkish cut'. You have to love some of the jargon from the financial community. As we spoke about yesterday, the market was expecting four cuts before the end of next year. Last night was the second … Continue reading I’m On a Boat
Singles Day is Yuuge
Market Scorecard Yesterday was 'singles day', 11/11, the day where people celebrate being single. For most Chinese though, the day has morphed into the biggest shopping day of the year. In 2008 Alibaba launched their singles day specials, now ten years later the day is huge! Yesterday Alibaba sold $30.8 billion worth of merchandise … Continue reading Singles Day is Yuuge
Good Riddance October
Market Scorecard On Friday, before the US market opened, jobs data for October was released. It showed that wages grew at the fastest rate since 2009; good news for short-term GDP growth, but higher wages generally comes with inflation down the line. Despite the good jobs data and the rally on Thursday, economic advisor … Continue reading Good Riddance October
The Clouds in China
To market to market to buy a fat pig. Markets were mixed on Friday, with both our local market and the US markets sitting in positive territory at some point in the trading day. Come closing time/beer o'clock (I think in Jozi on a Friday the beers start much earlier in the day) our … Continue reading The Clouds in China
Alibaba Gets Mobile
"As the above image shows, the core business, Chinese e-commerce grew revenue by 42%. The number of buyers that visit Alibaba's sites is rather mind numbing. Over the last 12 months they grew their Annual Active Buys base 9% to 443 million people. A large chunk of buyers are accessing the sites via mobile, with … Continue reading Alibaba Gets Mobile
Trumpacula bares FANGS
"Why is this the case? Are people suddenly going to stop buying iPhones, renewing their Microsoft Office 365 subscriptions, no more Amazon online orders and no more search (and by extension adverts)? No. Not at all." To market to market to buy a fat pig Something different happened last night. The so called FANG … Continue reading Trumpacula bares FANGS
