Market Scorecard Our local market was having a great day yesterday, bobbing along in the green for most of the trading session. A strong Rand at the end upset the apple cart though. All the dual-listed stocks lost ground, pushing the JSE All-share into a red close. It is a big day for global politics, … Continue reading Cloudy With A Chance Of Profits
Alibaba
Chinacoin
Market Scorecard Thanks to two green weeks, the S&P 500 has closed in record territory again! The election is behind us (mostly), and there is a vaccine on the horizon. With Pfizer's success, there is a belief that normality is on its way. It also bodes well for other vaccine candidates, particularly the Moderna version … Continue reading Chinacoin
Nuts For Trees
Market Scorecard Locally, SA Inc shares continue to fly. Discovery, for example, is up 16% over the last week! The strength of local companies has not fully translated into gains for the JSE All-share though. On the opposite side of the spectrum, precious metal miners and Naspers, have been struggling. Gold Fields is down around … Continue reading Nuts For Trees
China Is Not For Ants
Market Scorecard October ended with the US market having its worst week since the Covid March lows. November though has started with a bang, having the best week since April. The strength is probably a combination of bouncing off a soft week and having a split Congress. As we said on Friday, the US election … Continue reading China Is Not For Ants
Ants in my Wallet
Market Scorecard Yesterday the University of Oxford's candidate for a Covid-19 vaccine passed phase 1&2 tests. To us on the street, that means they have shown that the vaccine is safe and that it generates the appropriate immune system response. These tests are only performed on very few people and doesn't include people in high-risk … Continue reading Ants in my Wallet
Nvidia Chip and Chase
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
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
