Markets, Inflation & Tariffs — May in Review In May, mid-cap stocks led the local market with a 5.5% return, while the Rand strengthened by 3.3%. Inflation cooled to 2.8%, staying below the SARB’s target range. Globally, US inflation continued to slow, and tensions eased as the US and China agreed to a 90-day tariff […]
Big Shifts in Local & Global Markets Local inflation dropped to 2.7%, but political uncertainty continues to weigh on markets. In the US, Q1 GDP shrank by 0.3% amid tariff concerns. Plus, Warren Buffett steps down after 55 years — leaving behind a legacy of disciplined investing. 👉 Read more in our Monthly Market & […]
Staying Ahead in a Shifting Economic Landscape This month’s newsletter unpacks the latest local and global economic developments. On the home front, Consumer Price Inflation held steady at 3.2% over the past year, sitting comfortably near the lower end of the SARB’s 3–6% target range. However, political tension within the Government of National Unity following […]
This month’s newsletter covers key economic updates. In South Africa, inflation remains low at 3.2%, but 4th Quarter GDP growth was weak at 0.6%. In the US, inflation eased to 2.8%, while GDP growth remained strong at 2.3%. We also explore the impact of Trump’s tariffs on global markets. Read more about it here in […]
January saw an exceptional performance from the Resources Index, delivering a remarkable 17.9% return. On the global front, US GDP growth continues to trend above the 2% historical average of the past 30 years, with the fourth-quarter growth rate coming in at 2.3%, slightly below the expected 2.6%. In this edition, we also take a […]
In this month’s newsletter, we cover November’s Consumer Price Inflation in South Africa, which came in at 2.9%, falling below the SARB’s lower target band of 3%. Meanwhile, the US economy continues to show resilience, with third-quarter GDP growth finalized at 3.1%, surpassing the 30-year historical trend. We also share our outlook and positioning for […]
Monthly Market & Fund Update – November 2024 This month, we focus on the importance of valuations in driving long-term equity returns and key economic updates: Local Markets: A mixed month for JSE sectors, but bonds (ALBI) surged 3%, fueled by lower-than-expected inflation for October. Offshore Markets: US labour market strength eases recession fears as […]
Monthly Market & Fund Update – October 2024 In October, South Africa saw positive economic strides as Consumer Price Inflation dropped to 3.8%, the lowest since March 2021, while the unemployment rate improved from 33.5% to 32.1%, marking its first decrease in a year. On the global front, US inflation slowed to 2.4%, with the […]
Monthly Market & Fund Update – September 2024 In this month’s newsletter: We dive into potential scenarios for the 2024 US Election with Trump vs. Harris in focus. Plus, a very positive month for the JSE, driven by the Chinese Communist Party’s announcement of upcoming economic stimulus measures. 📈 Read more in our Monthly Newsletter: […]
In this month’s newsletter, we cover the Offshore Economic Update, where August’s data shows contrasting growth between US services and cyclical sectors. Locally, our Economic Update highlights a positive month for Listed Property, with expectations of a 25 basis point Repo Rate cut by the SARB in September. We also discuss why US Treasury Bonds […]
