It feels as if we are on the edge of battle. The air is still and so thick with tension that it is hard to breathe in. Nonetheless, the market goes on. In fact, it is starting to offer some interesting opportunities to those who are patient. We look at the S&P500, USDZAR, Clicks, Shoprite, Sibanye and Anglo American.
Again, it’s hard to form a strong opinion on what is most likely to be the overall theme for the week ahead. The coronavirus is a serious issue and is impacting global markets and sentiment. The situation is confusing and scary. This is forcing money back into the the U.S. in a search for safety.
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.
A little late due to some administrative changes, although we decided that we should publish some of the trades we are watching this week anyway.