On 8 July this year I wrote a blog called “Trying to make sense of this market routing”. The JSE just experienced a big fall and everybody was worried. I explained that if you see different scenarios developing in the equity market and Bond market, trust the Bond market. The Bond market is much more
The Sanlam Private Wealth Morning Digest is filled with data, information and commentaries, available every day from Sanlam iTrade Online. You can have the Morning Digest emailed to you every morning. Just register as a trading client or an iView client and select the option in “User Settings” under “Trading & Portfolio”. iView access is
The World Gold Council just released demand and supply statistics for 2014. There are no surprises on the supply side with total mine production up 2% to 3,114 tonnes. Total Gold supply, including recycled Gold, was flat for the year at 4,278 tonnes. On the demand side total jewellery demand declined by 10% to 2,153
On 29 July I wrote a Blog “JSE All Share up 37% in 13 months”. I ended with these words: “At some stage the JSE will correct, but with so many investors waiting for just such an event, the correction is likely to be small. When? If I knew that I would not be working
As I wrote in my previous blog post, iTrade Fantasy League Announcement, share prices on the JSE have run far ahead of earnings expectations. The JSE All Share Index increased by more than 30%, from 38,000 on 24 June 2013 to 50,000 in May 2014. This was much more than earnings (profit) growth with the
Why you should still be careful investing in resource shares. “Resource shares are so cheap now, should I buy?” I get the question from clients often and the subject is debated in the SPI investment meetings regularly. I have expressed my worries about growth in China a few times on TV and Twitter. A new
So most economists were surprised by the narrowing of the Current Account deficit of the Balance of Payments from 6.5% of GDP to 5.8%, especially whilst forecasts expected it to widen to 7% or more. On top of that the Capital Account registered even bigger inflows than the 4th quarter while we were worried that
Evaluating the market – The International Economy South Africa has a very open economy and is therefore affected by global events. Open economy means that imports and exports constitute a large percentage of our GDP. The equity market is particularly sensitive to global events because of the effect on our currency and economy. Global Economic
A brief overview of those indicators that regularly influence the JSE Analysing economic indicators can help investors to evaluate the general equity market trend better as well as to identify the best sectors to invest in. Here are some of the most important indicators we see regularly and the likely market reaction they provoke: Evaluating
