Global markets are riding a rising tide of positivity from; hawkish FOMC meeting minutes, US Fed Chair Powell indicating US economy is strong and a positive US and Mexico trade deal. Investors shouldn’t fear new record highs because historical market data indicates it’s a bullish signal. When a...
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The Rand is against the ropes after renewed calls to nationalise the Reserve Bank by Julius Malema. Malema clearly hasn’t followed the demise of Argentina and recently Turkey after their central banks lost independence and credibility. International investors will most likely be paying close attention to weekend reports...
The JSE remains in its consolidation phase but the current Rand weakness has created opportunities to buy some blue chips on the cheap. The Rand has followed emerging market currencies lower over the past week on the back of concerns in Turkey. The Turkish Lira has lost more...
The JSE has remained buoyant after falling due to the ANC’s EWC announcement last week. It’s been range bound since breaking above its previous consolidation phase. A rally into year end, is still on the cards due to several JSE heavy weights earning significant offshore revenue. Stronger global growth...