Tencent Turns 20

  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

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What Did You See PWC?

  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?

Trump Tripe

  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