Market Scorecard After a red day on Monday, the US market resumed its march higher yesterday - all three major indices closed just shy of all time highs. US futures are pointing towards another green open this evening and the potential for a record setting close tonight. For now the market is focused on massive … Continue reading My Buddy Old Pal
Market Scorecard When the US is closed, news flow seems to dry up and the global market just bumbles along. Locally, the mining stocks continue to push our market higher, particularly the precious metal miners. At the top of the JSE Top 40 yesterday was Mr Price Group who released their 6-month trading update. The … Continue reading The Game Drain
Market Scorecard After all the strength of the last week, markets took a breather yesterday. Interestingly, the JSE All-share and the S&P 500 both closed down exactly 1%. Warnings from central banks that a vaccine won't solve the pandemic from day 1 seems to have reminded the market that we still have some way to … Continue reading MacProfits
Market Scorecard The wheels of justice turn slowly, but it looks like they are at least turning in South Africa. With the arrest warrant for ANC secretary-general Ace Magashule issued yesterday, we are set to see how seriously the ANC will take their anti-corruption stance. Even though there have been books written about the corruption … Continue reading Snoop The Hyperloop
Market Scorecard On this gloomy morning in Joburg, we are getting early vote counts coming through from the US, particularly from the US East Coast. As it stands, things are very close. Trump leads the popular vote and in a few key states, so Biden would have to get a momentum boost to win from … Continue reading Blue or Red?
Market Scorecard Last week was the worst week for US markets since the virus shock of March. The Nasdaq would be considered the 'winner' for only losing 5.5% for the five trading days. Yesterday though, markets had a really good bounce back. Locally, only three stocks of the JSE Top-40 were in the red. The … Continue reading Election Correction
Apple and Albhabet (Google) numbers. Why is Tesla not in the S&P500 index. Prosus buyback.
Charge your Tesla with Tesla Solar Roof, The future of patents, Apple's family of iPhones.
Market Scorecard The US banks officially kick off earnings season this afternoon. The expectation from the market is for companies, on average, to report 21% lower profits now than last year. The number is a bit all over the place because energy companies will probably report a loss but technology companies will probably report growth … Continue reading Epic Fail
Market Scorecard The scheduled trade talks between the US and China over the weekend have been postponed indefinitely. These talks were meant to be a 6-month review since signing the phase one trade deal. Given that the meeting was more a check-in, having it delayed is not having much of an impact on the market. … Continue reading Create or Aggregate?