Market Scorecard The excitement around the potential Moderna vaccine started to wane yesterday as people started to reflect on the phase one test results. Due to only having 45 people in the phase one test, limited conclusions can be drawn from the numbers. Further testing is needed to know if the vaccine is truly … Continue reading Electric Vehicle Vacuum
Apple
An Apple a Day Does Not Go Away
Market Scorecard The oil price seems like a good barometer of global sentiment at the moment. Over the last week it has been steadily increasing as we hear about more countries reducing their lockdown measures. Along with a rising oil price we are also seeing a rising copper price and rising equity prices. Yesterday … Continue reading An Apple a Day Does Not Go Away
Bear-bnb
Market Scorecard The JSE All-share continued its rebound yesterday, crossing back over the 48 000 mark. The first time our market broke through this level was in early 2014, we then retested the level in late 2015/ early 2016 thanks to Nene-Gate. The March lows took us all the way back to 2013, so … Continue reading Bear-bnb
This Apple has Thick Skin
Market Scorecard Welcome to the second quarter of 2020. Looking back at the first quarter, the MSCI All World index dropped 21% which is its second worst quarter on record - it fell 23% at the end of 2008. The globe is currently in a few different phases. In China things are mostly returning … Continue reading This Apple has Thick Skin
Tito Delivers
Market Scorecard The market let out a sigh of relief yesterday when the budget speech went live. The Rand strengthened and 'SA Inc' stocks soared. The banks were up between 5% and 8%, Shoprite was up 10%. We will have to see if that momentum can be carried through for the rest for the … Continue reading Tito Delivers
Sure to Disrupt
Market Scorecard Gold and Platinum mining stocks were on fire yesterday. Implats was considered the laggard because its stock was only up 4.5%. Goldfields and Sibanye Stillwater were up 10%, and Northam was up 8%. All those gains meant that even with Naspers being in the red, the JSE All-share closed in the green. … Continue reading Sure to Disrupt
Apple Smashes Records
Market Scorecard The JSE All-share tried hard yesterday to have an up day. It opened in the green, then slumped into the red, only popping into the green around mid-afternoon for a brief period. Looking at the Top 40, it was almost an even split between companies in the green and red, showing the … Continue reading Apple Smashes Records
Space Craze
Market Scorecard Markets are still keeping one eye on the coronavirus outbreak. In China, their one week holiday for New Year celebrations has been extended by three days until the 2 February. As you will see in the linkfest below, the Chinese New Year is the biggest migration of people each year. To try … Continue reading Space Craze
Netflix Thrills
Market Scorecard The chattering class, those with no skin in the game, are now talking about the coronavirus outbreak as a reason to sell stocks. Really? In their defence, globally stocks did hit a bit of a speed bump when Ebola broke out a few years ago. To sell stocks based on a handful … Continue reading Netflix Thrills
Short Squeeze hits Ludicrous Mode
Market Scorecard China released its trade data this morning for December, where exports grew 7.6%, much higher than the expected 3%. Also surprising on the upside was their imports jumping 16.3% - a consuming China is good for the global economy. Showing signs of the trade war, China's exports and imports to the US … Continue reading Short Squeeze hits Ludicrous Mode
