Market Scorecard Last night Trump dropped two executive orders on the tech industry. The first was targeted at TikTok, as expected, and the second was aimed at WeChat and Tencent. The target on Tencent was not expected. The ramifications for us in South Africa is that Tencent is down between 5% and 10% today, meaning … Continue reading Uber Eats Cash
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Agri-Tech-Culture
Market Scorecard Markets are in a buoyant mood again as countries continue to open, and death rates in Europe are sliding. In an interview over the weekend, Jay Powell told people to not bet against the US economy. He added that the recovery may be slow but that the Fed still has extra ammunition … Continue reading Agri-Tech-Culture
Adversity is Not New
Market Scorecard Yesterday we saw markets move like one way traffic, from low to lower. The US market has now dropped over 20% from its all-time high, meaning that we are officially in a 'bear market'. As some bright spark noted on Twitter last night, if we are only down 19.99% we still is … Continue reading Adversity is Not New
Y’ello Again Nigeria
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
Permabear Loses Hair
Market Scorecard Another month is behind us and we are now into December. It is the holiday season where Gauteng starts to shut down, and people emigrate to the coast for a few weeks. On the markets, November was another up month for US stocks, taking the tally to three good months in a … Continue reading Permabear Loses Hair
Nvidia is Not Playing Games
Market Scorecard Our local market had a good day out yesterday thanks to the momentum from international markets. China cutting their interest rate meant that Tencent was up 3%, which in turn meant nice gains for Prosus and Naspers. A stock that has had a rough time recently is Telkom, and things were made … Continue reading Nvidia is Not Playing Games
The Sun Down Under
Market Scorecard There are some days where there is very little market driving news, resulting in the market just bumbling along during its trading session. Both local and US markets spent part of their day in the green and another part of the day in the red. Traders didn't know what to do with … Continue reading The Sun Down Under
NH Sigh
Market Scorecard The main focus on Thursday was the government's updated take for a local National Health Initiative (NHI). The government's goals are noble but not realistic. Most people would agree that there are two things people should have access to regardless of their income bracket. Children should have access to quality education, and … Continue reading NH Sigh
The Billionaire Space Race
Market Scorecard Some days there is very little to talk about. Other days, like today, there are many topics to cover! First off, our president reappointed Lesetja Kganyago as governor of the SARB for another five-years. The SARB is a central institution to the South African economy, so having competent leadership is important. Lesetja … Continue reading The Billionaire Space Race
Sneaky Exchange
Market Scorecard It was another day where our market did the opposite of global markets. For a change though the JSE All-share was higher and global markets lower. The main focus at the moment is the storm brewing between the US and the EU, particularly the UK. Then there is also Fed chair, Jay … Continue reading Sneaky Exchange
