Get a Clear Picture of the Financial Markets with Clarity’s Humming Post
With the Rand breaching R18.00 to the USD, import inflation will become a more persistent problem in South Africa. While we are not in a recession, banks should be a good place to hide and a softer USDZAR will always be good for our exporting businesses which include Resources, Agri and Tourism.
Below the FTSE/JSE Resi index representing the 10 largest resource stocks on the JSE. Access it via STXRES.
The Big picture:
Heard of ChatGPT? one of the most direct ways to play the AI theme while keeping the diversified revenue of a well established tech business is to invest in Microsoft (MSFT) after it purchased 50% of OpenAI the creator of ChatGPT.
Happy Valentine week, hope you ALSO get lucky in the markets this week.
