
NFIB Survey Suggests a Recession Is Coming
The most recent NFIB (National Federation Of Independent Business) survey is sending a strong signal of an economic recession. In 2019, the NFIB survey, combined with an inverted yield...
The most recent NFIB (National Federation Of Independent Business) survey is sending a strong signal of an economic recession. In 2019, the NFIB survey, combined with an inverted yield...
As 2023 gets into full swing, stock market volatility is heating up and showing a teaser of what’s coming—despite recession fears continuing to dominate headlines all over mainstream media....
In Thursday’s trading session in the local markets, the Top 40 closed the day down by 0.13%, the Resources 10 sector went down by 0.59%, the Financial 15 went down by 0.03%, and the...
Market Scorecard US markets rose sharply yesterday as investors cheered the prospect of interest rates nearing their peak. This renewed optimism saw both the S&P 500 and the Nasdaq...
2023 started on a positive note for developed market (DM) stocks (MSCI World +7.1% MoM), the first positive start to the year since 2019. The laggards of 2022 were the biggest winners at the...
The JSE followed global markets higher (FTSE/JSE Capped SWIX +7% MoM), thanks mainly to renewed optimism around China’s economic growth prospects. The most direct impact of Chinese optimism...
South Africa Market Review South African markets closed in the red yesterday, following rate hikes by the major central banks and led by losses in banking sector stocks. Banks, Standard...
Brent crude futures paired losses to hover around the $83 per barrel mark on Thursday, following a decline in the previous session as a weaker greenback prompted risk appetite, while the...
The Federal Reserve raised its policy rate range 25bp to 4.5%-4.75% and indicated it isn’t finished yet. With the economy losing momentum, the jobs market showing tentative signs of...
US market rates fell after the Federal Reserve decision but this looks more like a market positioning effect than anything specific from the meeting. Expect some retracement. Both the...
BOE As for today’s economic calendar, we have two important economic events unfolding. Firstly, it is the Bank of England’s meeting. The bank is expected to increase the interest rate by 50...
Market ScorecardUS markets soared into the green yesterday after an exciting day. The Fed hiked rates by 0.25% as expected, then Jerome Powell said that the "disinflation process has...
In Wednesday’s trading session in the local markets, the Top 40 closed the day up by 0.4%, the Resources 10 sector went down by 0.93%, the Financial 15 went up by 2.54%, and the...
South Africa Market Review South African markets closed in the green yesterday, buoyed by gains in banking sector stocks. Banks, Standard Bank Group(JO:SBKJ), Nedbank Group (JO:NEDJ),...
The local bourse rose to 79 768.75 points at the close of business on Wednesday, following two consecutive sessions of losses, primarily driven by financials. Sentiment was also boosted by...
In 2021 and 2022 we called the Federal Reserve “tardy” on several occasions as they doggedly held to their “transitory” inflation stance long after reasonable people (using the right...
The first month of the year was quite a positive one overall for global equity markets, in particular, the S&P 500 and the Nasdaq indices which had their best Januarys in four years and...
South Africa Market Review South African markets closed in the red yesterday, ahead of major central bank interest rate decisions and led by losses in mining sector stocks. Platinum miners,...
Wall Street posted the best January since 2019 with all major indices gaining nearly 2% on Tuesday, as investors digested a slew of encouraging economic data and corporate earnings....
Despite mounting evidence supporting recession forecasts, the stock market remains at odds with that outlook. This leaves investors in a predicament of avoiding a further drawdown in the...
Market Scorecard US markets had a sad session yesterday, with both major indices closing deeply in the red. This was probably 'profit-taking' by traders ahead of likely interest-rate hikes...
In Monday’s trading session in the local markets, the Top 40 closed the day down by 0.56% and the Resources 10 sector went up by 0.08%, the Financial 15 went up by 0.26%, the...
South Africa Market Review South African markets closed in the red yesterday, ahead of major central bank rate decisions. Packaging company, Nampak (JO:NPKJ) plunged 13.3%, after the...
Global stocks retreated on Monday as investors braced for an eventful week of corporate earnings and monetary policy decisions from key central banks. The Dow was down just shy of 1%, while...
In Friday’s trading session in the local markets, the Top 40 closed the day up by 0.38% and the Resources 10 sector went down by 0.43%, the Financial 15 went up by 0.6%, the Industrial...