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...
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Trading Forex, Stocks and Crypto During a Downturn
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....
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ThinkDaily: Meta Platforms Shares Surge; All Eyes on NonFarm Payrolls
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...
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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...
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Markets Record The First Positive Start To A Year Since 2019
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...
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January Local Commentary: Renewed Optimism Around China Buoys The JSE
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...
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Market Review, Corporate Updates, Commodities & Currencies - 03.02.23
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...
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Oil Markets Enjoy Respite Following a Dip Triggered by Builds in Crude
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...
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The Fed Opts for a 25bp Rate Rise, With at Least One More Hike to Come
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...
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Rates Spark: The End Is Near
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...
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What You Need To Know About BOE and ECB
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...
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Amgen Has Good Chemistry
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...
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ThinkDaily: USD Falls to Lowest Level since April 2022 as Fed Hikes Rates by 25bps
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...
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Market Review, Corporate Updates, Commodities & Currencies - 02.02.23
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),...
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Local Manufacturing Activity Expands for Third Consecutive Month
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...
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The Tardy Fed and the New Macro
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...
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ThinkDaily: JSE All Share Breached the 80,000 Level for the First Time Ever
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...
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Market Review, Corporate Updates, Commodities & Currencies - 01.02.23
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,...
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US Stocks Post Best January in Four Years
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....
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Recession Forecasts at Odds With Bullish Formations
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...
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Parents Who Are Grand
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...
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ThinkDaily: Investec's Share Price Reached ATH
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...
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Market Review, Corporate Updates, Commodities & Currencies - 31.01.23
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...
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Markets Retreat Ahead of Key Interest Rate Decisions
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...
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ThinkDaily: Thungela Resources Went up More Than 6% on Friday
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...
