The week that lies ahead has one half-day (31st) and one public holiday (1st), so there is not really going to be too much going on, on the JSE. The base case expectation is that this coming week remains strong, once again on low trading volumes.
Month: December 2019
And just like that, it’s Christmas time. The market will likely be very quiet during the next week or two, but do not let the low volume environment fool you, there will still be opportunities.
So the trade deal is all but done. Overall, should bullish sentiment remain the theme for the week, it very likely that the Rand strengthens and even that emerging markets outperform developed markets for some time to come.
Over the weekend we saw some positive news flow around the trade war between the U.S. and China. We saw some positive comments on Thursday and Friday last week as well, which led to a rather strong recovery in global equity markets.
So this week is a little weird. There are some bullish looking setups emerging on some of the banks, although they are in the middle of nowhere in terms of large trading ranges.