Market Scorecard US markets are back into record high territory, showing the strength of the current momentum in international markets. One of the key drivers of the market rally has been low interest rates. To keep things simple, when interest rates are low, most asset classes appreciate. Think of the housing market. If interest … Continue reading Y’ello Again Nigeria
Mediclinic
We Made the Decade
This will be the last newsletter for the year, the office will be closing until the 6 January. As always though, if you need to get hold of us we will still be 100% contactable on the office phone (it's portable), our cellphones and email. Money never sleeps! Have a happy festive season from … Continue reading We Made the Decade
Is Mediclinic getting its Health Back?
Market Scorecard Some days the market just trundles along with no real direction. Yesterday was one of those days. As you can see below, neither the JSE All-share or the two US indexes moved with any conviction. As it stands, the trade truce is pencilled in for next month, and we won't have any … Continue reading Is Mediclinic getting its Health Back?
Vestact Moves to Rosebank
Market Scorecard As expected, the SARB left interest rates on hold yesterday. What was not expected, not by me (Michael) at least, was how close they came to lowering rates. Of the MPC members, three voted to keep things on hold and two voted to drop rates. I thought they made a mistake by … Continue reading Vestact Moves to Rosebank
The Nvidia Chips Are Down
Market Scorecard Global markets are going through a period of heightened uncertainty. The nasty drop of almost all markets in October 2018 knocked the confidence of many, so more investors are sitting on the sidelines. Volatility has increased, meaning bigger swings during each trading session. It is not often that you see a market … Continue reading The Nvidia Chips Are Down
The Stream Dream Continues
Market Scorecard Just when you think that markets have stabilised, you get another smack in the face. It is during these tough periods that I think it might be better to only receive quarterly portfolio statements, instead of the weekly statements our clients currently receive. I saw this tweet yesterday, which made a good … Continue reading The Stream Dream Continues
Market Scorecard Stocks on Friday got a boost from the plan announced by our president on Friday. We are currently light on details, but they should roll in over time, starting with the new visa regulations today. As the president said, we don't have the ability to spend more money, so it is a … Continue reading
Cry the Beloved NHI
Market Scorecard Trade war tensions are rising as the EU announced that they would raise tariffs against US products in response to Trump's tariffs. Higher prices mean that people will buy fewer products on both sides of 'the pond'; leading to lower taxes and lower economic growth. You can understand why the EU has … Continue reading Cry the Beloved NHI
Bezo$
To market to market to buy a fat pig. On Friday night, while eating supper my phone had a notification pop up saying that Jeff Bezos's NAV had just crossed $100 billion, the first time since 1999 when Bill Gates crossed that mark. Bill Gates is currently second on the Bloomberg Billionaires Index, he … Continue reading Bezo$
Naspers 4000
To market to market to buy a fat pig. Friday was Naspers day. Thanks in part to Tencent rising 3% on Friday, Naspers was up over 4% at a stage and closed up 3.6%. What is amazing is that we still have 6-weeks left of the year and the stock is up 90%; it … Continue reading Naspers 4000
