Trading update : 11 October 2024
Don’t stop me now! Tech stocks are keeping the S&P 500 2024 record streak alive with its 44th record high this year. In contrast, trouble is brewing in Europe as China looks set to escalate a trade war and the German economy looks set to contract in 2024. 44 and counting! Tech stocks helped to […]
Trading update : 7 October 2024
Geopolitics has reared its head to become the dominant short-term driver of global markets following the escalation in the Middle East. As the world awaits potential retaliatory measures, concerns are rising about a wider conflict, weighing on risk sentiment. Risk-off on Iran attack Iran’s missile attack on Israel catalysed classic risk-off trading defined by US […]
Trading update : 3 October 2024
Tech remains the major growth theme pushing multiple stocks and indexes higher, with Naspers and the S&P 500 reaching record highs in recent days. With strong forecasts emerging that the AI boom is unlikely to lose steam anytime soon, few would bet against the records to keep tumbling. AI boom pushes Micron higher Micron Technology […]
US Market Update : 26 September 2024
US supply chain strain on the horizon? Businesses are bracing for a strike at three dozen US ports that could upend supply chains and raise prices just weeks before election day, posing a threat to cooling inflation. The Financial Times reports that the International Longshoremen’s Association says its 25,000 members will walk off the job […]
Trading Update : 25 September 2024
You get a cut, you get a cut, everyone gets a cut! The interest rate cutting cycle is well and truly underway as the US Fed slashed rates by a chunky 50bps while the SARB took a more conservative approach with a 25bp cut. More money in consumer pockets means more spending and a bump […]
