Trading update : 13 June 2025
Backroom dealings between Washington and Beijing are helping to ease global trade tensions, boosting investor sentiment and sending US markets to near all-time highs. However, the US exceptionalism theme continues to unwind, with opportunities for better returns emerging outside the US. Locally, cracks in the manufacturing sector are widening while Discovery battles medical plan downgrades. However, we profile two local stocks showing immense promise.
Trading update : 6 June 2025
Global equities are flirting with all-time highs, fuelled by investor FOMO that’s turning every dip into a buying opportunity. In the US, a surprisingly robust labour market and confident consumers shrugged off early June jitters. South Africa was also a mixed bag, narrowly dodging a GDP bullet while new car sales soared. There’s also lots of activity in the mining sector to talk about.
Trading update : 22 May 2025
The US market is back in the hot seat – the Anything But USA (ABUSA) trade makes a comeback as the cracks widen in the U.S. economic story. Long-term US yields are also flirting with uncomfortable highs, shaking investor confidence and halting the S&P 500’s recent momentum. With budget deficit concerns mounting, all eyes are now on the Fed—will it step in, and if so, when?
Trading update : 16 May 2025
Everyone loves a rally, and investors weren’t disappointed when the US and China called a truce on the escalating trade war. US equities surged and optimism quickly shifted, with hopes the US could sidestep a recession. A stronger-than-expected earnings season also helped to push stocks further into the green, erasing a lot of 2025’s losses.
Trading update : 29 April 2025
Some calm returned to markets after more positive messaging from the Trump administration on its trade war with China and Fed independence. However, the “Sell America” trade continues to gather momentum, with investors shifting from US equities and the dollar to emerging markets. As the IMF continues to wield its axe to growth forecasts, time […]
Trading update : 9 May 2025
As we approach the halfway mark of 2025, it’s time to start taking stock as tariffs, tech and trade tensions continue to dominate headlines. From buybacks to browser battles, Disney magic to Uber drag, and poultry pain to gold mine drama, the headlines reveal a market swinging between resilience and risk.
Trading update : 5 May 2025
From AI to streaming and digital services, the tech sector is emerging as the latest battleground for trade wars and market competition. Investors are also maintaining their more cautious approach to the US market and assets as tariffs aren’t having the impact the Trump administration expected, with regions like the EU looking more attractive. Music […]
Trading update : 17 April 2025
You get an exemption, you get an exemption, will other sectors get an exemption? President Trump’s pullback on sector-specific tariffs helped tech and automaker stocks mount a rally, but industry probes are the latest policy shift to rattle markets. Knowing what the Trump administration does next is anyone’s guess.
Trading update : 14 April 2025
While tariffs continue to dominate the news flow, recession is the new investment word of the day as fears rise in the US. While conviction levels remain in the toilet, we’re likely to see continued headline-obsessed market whipsawing. In short, no-one has a clue how to call markets right now.
Trading update : 9 April 2024
A fresh round of tariffs from the Trump administration hit the brakes on automakers and sent tech stocks skidding, moving the global trade war to DEFCON 2. Unsurprisingly, traders and investors lost their risk appetite. US consumer confidence is also running on fumes, with Lululemon’s stretch wearing thin. Meanwhile, China is trumping all other emerging markets, despite positive signs for SA and the rand.
