My Buddy Old Pal

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

The Game Drain

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

MacProfits

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

Epic Fail

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