Market Scorecard On Wednesday night the Fed had their much anticipated news conference to give the market guidance around what had been discussed at the two-day FOMC meeting. As expected, interest rates were kept on hold. Looking ahead, the Fed doesn't see any further interest rate hikes this year and only one in 2020. … Continue reading Tencent Turns 20
Market Scorecard It is finally here, the PWC report on the fraud at Steinhoff was released on Friday evening. The full 3 000 page report is not publicly available, but the 10 page executive report can be downloaded from the company webpage here - PWC Forensic Investigation into Steinhoff. The report goes as far … Continue reading What Did You See PWC?
Market Scorecard All of us have a stock that we feel got away. In the case of Vestact, that stock is Capitec. We backed the wrong horse in the form of African Bank, which we luckily got out of long before it went bang, but it meant we missed the opportunity to buy the … Continue reading Kaolas in the Amazon
Market Scorecard Yesterday was an interesting day on the market. It started off slightly higher, then mid-morning the number of red stocks started outnumbering the green; Naspers was down 3%. That was the case till about 14:30 when our market started to pick up, swinging from red to green. Then at 16:30 when the … Continue reading Nestle (Star)Bucks the Trend
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 It was a rather slow day yesterday with the US market being closed, even our inboxes see significantly fewer emails. Globally the IMF has downgraded growth forecasts by 0.2 percentage points to 3.5% for 2019, which is the lowest rate in three years. As you can imagine, the lowering of the growth … Continue reading China is Still Yuuuge
Market Scorecard I think 2018 will be remembered as the year of politicians behaving badly. Locally, the state capture commission has revealed how deep the rot goes and how billions never reached the people of South Africa. In Turkey, their president gave himself super powers by merging the roles of Prime Minister and President, … Continue reading Politicians Behaving Badly
Market Scorecard Did you see that Microsoft is now the most valuable company in the US, at a value of $817 billion? Microsoft was up 3.3% yesterday compared to Apples 2.1% drop in after-hours trading. Business Insider tells me that the last time Microsoft was worth more than Apple was in 2010. It is … Continue reading Trump Tripe
Market Scorecard Global markets were green yesterday, hopefully, we can close out the week like that. Going into the European trading day yesterday a potential Brexit deal was a positive, but then Brexit Secretary Dominic Raab resigned, followed by some cabinet members. Theresa May's Brexit plan might go up in flames now, and there … Continue reading Tencent is More Than Fun and Games
Market Scorecard We are still waiting for final numbers from the US mid-term elections, but it is safe to say that the Democrats won control of The House and the Republicans maintained their control of The Senate. This means that we won't see any major changes to US legislation until, at least, the next … Continue reading There is a Ghost in my Restaurant.