Too Busy? Got Better Things to Do? Read the Summary… Watching Sentiment: Oil price moves and Strait of Hormuz traffic remain closely linked, with prediction markets more pessimistic than financial markets about a near-term return to normal shipping. BofA’s fund manager survey, taken as tensions were escalating, showed managers at their most bullish since the […]
UK inflation – a pleasant surprise: The Bank of England held Bank Rate at 3.75% on 18 June in an 8-1 vote, as UK inflation eased to 2.8% in May. Hike expectations have fallen from four this year to roughly one, following the US-Iran deal. Politically, over 70 Labour MPs are calling for Starmer to […]
Too Busy? Got Better Things to Do? Read the Summary… This Week’s Roundup: SA’s Q1 GDP beat forecasts at 0.5%, with Fitch delivering its first credit upgrade in 21 years (BB- to BB). Petrol is 35% above January levels, pushing CPI to 4.0%. US May CPI hit 4.2% on soaring energy costs, with PPI at […]
Too Busy, Got Better Things to Do? Read the Summary… This Week’s Roundup: SA inflation jumped to 4.0% in April, markets pricing two rate hikes by year-end with a 25bp hike expected at the May 28 MPC meeting. IIF cut SA’s 2026 growth forecast to 1.3%. Q1 trade surplus tripled to R77bn. US deficit projected […]
Our investment journey has to start somewhere, and sometimes, when life happens, it has to restart somewhere, so let’s just revisit those building blocks – even if it is just to tick them off and move on to the sexier stuff in future episodes of this series. If the pandemic taught us anything (and no, […]
The Legacy Series Blog/Post series is now complete and will be published in a free eBook next week. If you missed any of them, here are the links again. Your summary with links, if you’d like to curate your content: US Inflation Concerns: April US CPI hit 3.8%, its highest in three years, driven primarily […]
The Legacy Series Blog/Post series is now complete and will be published in a free eBook shortly. If you missed any of them, here are the links again. Your summary with links, if you’d like to curate your content: The EU Anti-Coercion Instrument (ACI) – An Explainer The ACI, nicknamed the “trade bazooka,” is the […]
Your summary with links, if you’d like to curate your content: Market Volatility? Despite the Iran conflict and Trump’s executive-order style of governance, the S&P 500 hit a new all-time intraday high. Realised volatility under Trump’s second term has so far matched the calm Biden years — a surprising finding that may signal late-cycle market […]
I was covering for Michael Avery on his Classic Business show last week, and had some very interesting interviews. I can recommend listening to my chat with Simon Brown on ETFs. Your summary with links, if you’d like to curate your content: All-Time Highs Are Here Again! The S&P 500 and Nasdaq 100 surged 10.7% […]
Markets are moving more on hope than realistic expectations, as we have seen repeatedly during this war. The only salvation is to understand the time objective of the investment and asset allocation and behave accordingly.