Market Scorecard On Friday at 15:30 South African time, the US non-farm payroll numbers were released. The read was much stronger than expected with 266 000 new jobs added in the month of November, compared to the expectation of only 180 000 new jobs. Even more impressive is the unemployment rate which is now … Continue reading Jobs for Everyone
Market Scorecard It is jobs day in the US. Following the financial crisis, and probably all the way up until 2016, the jobs figure was the biggest data point of the month. It gave traders an indication about the momentum in the US economy and by extension, the reaction from the Fed. Then in … Continue reading Jobs Day is Back!
Market Scorecard One of the main reasons for a jittery market in February has been the worry that 1 March would arrive and no trade deal would be in place. Yesterday, President Trump said that he would be willing to postpone that deadline on the condition that sufficient progress had been made in addressing … Continue reading Why Clone the iPhone
Market Scorecard As expected the Fed left interest rates unchanged. The US Dollar was weaker after the US Mid-terms, but after Jerome Powell spoke last night, it seems that traders were reminded about a likely interest rate hike in December making the Dollar stronger against all major currencies, and the Rand is back to … Continue reading Fat Profits In The Fitness Sector
"And that is the number one reason we write this daily message. To stay as close as possible to the news flow. To make sure that we continue to share the news with everyone. Investing is a little like running the Comrades, although the finish line is never really in sight. At some points you … Continue reading Why we Write
"I am getting to a point. In a world where there is more and more passive investing, index investing, who is going to set the prices of the individual stocks? Just the natural flows from monthly buying and selling (redemptions and additions), or will money managers and individuals set the bulk of the prices?" … Continue reading ETFing
"Will the Fed raise rates? Not sure! I am very sure that as investors we have absolutely no control over what the Fed does now, next week, next month, next year or ever actually. Not a single iota of control. So best we stop worrying about the next move and what to do around … Continue reading Jobs jibber jabber
"As such, this is a case of Mr. Market taking the view that the Fed is going to raise rates sooner, rather than later. This spooked equity markets, sell first and ask questions later and rush to the safe haven of bonds. The broader market S&P 500 sold off heavily, down 1.5 percent (and a … Continue reading Mixed messages scream at Yellen and co.
"In ordinary trade, i.e. in the spot market that is open from 08:30 to 16:00 in New York, the Google stock price (ticker GOOGL) rose three percent to crest 600. After hours the market saw something they liked a lot, I suppose we could call it the Ruth Porat effect. The stock is up 12 … Continue reading Google Rising