Market Scorecard The JSE All-share Index opened slightly higher yesterday, and then drifted sideways for the rest of the day. Across the Atlantic, US markets had another poor session, with technology stocks plunging. There hasn't been any economic data released or fresh news out which could be blamed for the sell off, it is … Continue reading Apple Goes Soft
Market Scorecard Yesterday was another day of confusing market moves. Our market (JSE All-share) started in the green even though Asian markets were red. By the close of the day, Naspers was down 4% but our market was still up around 1%. Showing you just how green everything else was. Jumping to US markets, … Continue reading Rumble in the Tech Jungle
Market Scorecard Yesterday before the US market opened Elon Musk released an Update on Taking Tesla Private. The share was initially up 2% on the clarification of where the funding was going to come from. By the time the market closed, the stock was only up 0.2% and is now down 0.5% in after-hours … Continue reading Rob and Ralph
Market Scorecard Well done to Kevin Anderson on getting to the Wimbledon final, and then what a cracker of a World Cup final; normally finals only see one or two goals. Have you seen the image doing the rounds on social media that compares the cost of DSTV and Netflix? What the graphic forgets … Continue reading Investing in the Wild
Market Scorecard The US employment data released on Friday showed that the US unemployment rate dropped from 4.1% to 3.9%, the lowest in 18-years, with a forecast of it dropping to 3.6% over the next 12-months. The number of jobs added for April were 164 000, lower than the 189 000 expected but growth … Continue reading Everywhere You Go
Market Scorecard Yesterday morning, there was very little market driving news. Then as the US woke up and Trump reached for his phone, to start tweeting, things got interesting. He kicked things off with the following tweet "Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they … Continue reading The Trump Tweet Trade
To market to market to buy a fat pig. Last week the IEA (International Energy Agency) released a forecast showing that the US will be the biggest producer of oil by 2023. Having read The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters (very interesting book), you get a good idea of … Continue reading Yellow, we’re back
To market to market to buy a fat pig. Listening to the Animal Spirits Podcast on Friday, Michael and Ben were talking about how most people don't know what their financial advisors investments look like. I have always wondered what some of the more prominent market commentators hold. When on TV, it is very … Continue reading Peering into the Portfolio
To market to market to buy a fat pig. Yesterday the S&P 500 hit another record. No not another record high but the most number of days without a 3% drawdown. The previous record was 241 days and was set in 1996. It is amazing how calm markets have been this year. In years … Continue reading
To market to market to buy a fat pig. Just as you think all the scandals and messy sideshows are over then another thing pops up. I'm talking MTN, who were named among some other big South African companies in an investigation into the legitimacy of their BEE structures (Major names in BEE investigation). … Continue reading Steady as she goes
