The JSE heavy weight Naspers has pulled backed after it rallied over 50% from its 2018 low. The pull back is due to a global market sell-off sparked by President Trump escalating the Trade war and ‘kicking out’ Huawei. Below is a chart of Naspers, I’ve included the Fibonacci...
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Investors have been banking profits and positioning their portfolios for an escalation in the “Trade War”. Panic and fear haven’t gripped the market gauging by the increase in the VIX over the past few days but that could all change with further tit-for-tat tariff increases. Investors could generate significant...
The UK market has rallied over 9% year to date (the market was closed yesterday). But it remains just above a multi-year trading channel dating back to 1999. Investors and businesses don’t like policy uncertainty and Brexit has created almost three years of it. The most recent revelations of secret...