Market Sniffle turns into a Fever

  Market Scorecard All the gains from the budget speech were wiped out yesterday as Covid-19 fears sweep the world. US markets have dropped 10% over the last five trading days. The S&P 500 is now below 3 000 points, back to October 2019 levels. The FT this morning made the point that peoples' fear … Continue reading Market Sniffle turns into a Fever

Cybertruck WTF

  Market Scorecard So as most readers will already know, the SARB left interest rates unchanged yesterday. It was a close call though, three members voted for unchanged while two voted for a 25 basis point cut. The reason behind the decision is because inflation is expected to increase to 5.3% next year and then … Continue reading Cybertruck WTF