Global bonds: Batten down the hatches as recession looms
Quantitative easing by central banks initially caused unprecedented windfalls that gave savers a false sense of financial well-being.
Runaway inflation: what if the central bankers get it all wrong and overkill?
Central bankers worldwide have emphasised the importance of bringing down runaway inflation by hiking interest rates and using other measures even if it means slowing the economies. But what if the central bankers get it all wrong and overkill?
Bear market in global stocks to continue, with weaker economy and even recession priced in
“Russia-Ukraine conflict is increasing global uncertainty and disruption, further exacerbating inflationary pressures on supply chains, impacting consumer consumption and resulting in increased finance costs. ”
Bear market in G7 bonds grinding to a halt? Offers uncorrelated returns
The end of the bear market in developed market bonds is in sight.
Be prepared to take the pain on Naspers and Prosus in the short term
Opinion: For the first time in many years I have turned very bullish on Naspers and Prosus. Prominent commentators and fund managers have accused Prosus and Naspers’s management of destroying value and although there might be merit in their criticism, another major factor has been overlooked.
Don’t blink because you may miss out - 2022 is year of the Chinese tiger for stocks
Opinion: The drawdown in China is even more astounding when it is compared to the MSCI Emerging Markets Index’s -3. 3 percent, especially given the country’s weight of about a third in the index.
Defensive stocks favoured, be wary of resources
In my opinion the index is research-friendly and representative of the equity market in South Africa and consensus forecasts are available for the constituents, says writer.
The US Fed’s looming tapering – and how will you be placed when it starts?
Opinion: Tapering of asset purchases, specifically of long-term bonds, is likely to lead to rising long-term interest rates and therefore to a steepening of the yield curve in the US.
Ascendis Health: no other way for the shareholders, than recapitalisation vote
Opinion: Ascendis Health (Ascendis) is under the water and the Ascendis shareholders have to decide whether they support the group recapitalisation or not.
Standard Bank Group’s ratings dependent on growth
Liberty Holding was mauled by the Covid-19 pandemic in 2020 and 2021, as was its parent, Standard Bank Group.
Yes, a last gasp rally is possible, but a bear market awaits silver and gold
Opinion: Last week a friend of mine, an astute investor, pointed me to gold and silver price graphs and it is evident that both metals are at major points of resolve.
Re-rating of Richemont is over for now, but exceptional opportunity exists
Opinion: The capital returns for holders of Richemont shares who received warrants in the shareholder loyalty scheme last year was even greater if the value of the warrants is taken into account.
South Africa is down, but not out yet
Opinion: The recent civil unrest, violence and looting caused irreparable harm to South Africa and its economy.
Whole world is faced by huge uncertainty caused by Covid-19
Both individual and institutional investors are well advised to hedge their portfolios.
Investment Insight: SA economy turns the corner for the better
Although similar social distancing indices are not available for other countries, the Dallas SDI is highly correlated with the Google Covid-19 Mobility data for the US.
Black swan apathy bound to wear off
Stage set for strong bull market in risk assets, with uptick in global outlook as pressure mounts to ease lockdowns
OPINION: More of the same but different
Economic impact after Japan?s invasion of China in 1937 similar to that of Covid-19
OPINION: A start-up to ride out the storm
Time to teach yourself and your kids about listed companies and navigate the turbulence writes Ryk de Klerk.
OPINION: SA does not have to be left stranded
Lauded for acting timeously and appropriately and flattening Covid-19 curve relative to China’s experience.
Fundamentals are stacking up against residential properties
Home prices will be under severe strain in the coming months or longer, before recovering
Investment Insight: Green shoots of a melt up the global economy, risk markets
Massive economic stimulation by the Chinese government and the containment of the virus resulted in a restart of the economy.
Investment Insight: Where the smart money is going … Reits?
South Africa's declining bond yields are likely to be highly supportive of listed Reits prices on the JSE
Riding out the storm until Covid-19 curve is flattened
April/May could be turning point for most developed nations, SA is still behind the curve
Oil could start to outperform gold sooner rather than later
The big question is will gold continue its superior performance relative to oil?
Expect the worst on economic front is the clear message
The world's markets will tell when the global economic activity picks up again