Well, another very difficult week is behind us and to be honest we think there are many more difficult weeks ahead over the next few months. The realities of a global recession are starting to ‘hit home’ so to speak and global equity markets are not happy. Although we are seeing nothing but shorts in the shorter-term, we do think the most important message to get across in difficult times such as these is two-fold:
Markets bounced pretty hard last week on the back of an options-led squeeze, and it’s fairly likely that we see more of the same in the coming week.
Ok, ok, spring just started here in South Africa… but in the northern hemisphere winter is fast approaching and looking at all the charts, economic indicators and just general happenings in the conflict with Russia… let’s just say that things are looking pretty dire. Welcome to winter northern hemisphere, I hope you are ready for a cold one.
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