we’ve focused on risk management. The JSE experienced sharp selling pressure this week despite a lack of specific stock-level catalyst news, pointing largely to broader foreign outflows from the market. Notably, we saw multiple broker upgrades in the banking sector during the week, which failed to stop the sector’s sell-off.
we’ve focused on risk management. The JSE experienced sharp selling pressure this week despite a lack of specific stock-level catalyst news, pointing largely to broader foreign outflows from the market. Notably, we saw multiple broker upgrades in the banking sector during the week, which failed to stop the sector’s sell-off.
It’s been a bit of a bumpy ride these last few weeks and there are many mixed signals around. Thus, we are trying to hold our opinions rather loosely and stay willing to change our minds whenever new evidence emerges that might contradict our views. Dancing close to the door is what we are constantly reminding ourselves of, as we might have to bail on some of our ideas rather quickly if our views turn out to be wrong. That said, let’s look at some trade ideas.
we’ve focused on risk management. The JSE experienced sharp selling pressure this week despite a lack of specific stock-level catalyst news, pointing largely to broader foreign outflows from the market. Notably, we saw multiple broker upgrades in the banking sector during the week, which failed to stop the sector’s sell-off.
It’s been a bit of a bumpy ride these last few weeks and there are many mixed signals around. Thus, we are trying to hold our opinions rather loosely and stay willing to change our minds whenever new evidence emerges that might contradict our views. Dancing close to the door is what we are constantly reminding ourselves of, as we might have to bail on some of our ideas rather quickly if our views turn out to be wrong. That said, let’s look at some trade ideas.
It’s been a bit of a bumpy ride these last few weeks and there are many mixed signals around. Thus, we are trying to hold our opinions rather loosely and stay willing to change our minds whenever new evidence emerges that might contradict our views. Dancing close to the door is what we are constantly reminding ourselves of, as we might have to bail on some of our ideas rather quickly if our views turn out to be wrong. That said, let’s look at some trade ideas.
The Party is over for Gold Read More
It’s been a bit of a bumpy ride these last few weeks and there are many mixed signals around. Thus, we are trying to hold our opinions rather loosely and stay willing to change our minds whenever new evidence emerges that might contradict our views. Dancing close to the door is what we are constantly reminding ourselves of, as we might have to bail on some of our ideas rather quickly if our views turn out to be wrong. That said, let’s look at some trade ideas.
Dancing close to the door Read More
The market has remained persistently strong. Relatively at least… U.S. markets are slightly higher, but locally markets are slightly lower. So, no real fireworks just yet. Perhaps the momentum finally shifts down, and we see the market come off a little? Particularly in the over-hyped tech sector. Let’s look at some charts and get a better idea of why we’re thinking what we’re thinking.
One of the more important lessons we’ve learned from participating in markets for the last almost two decades is that the Kansas City Shuffle is very often a very reliable move. What are we talking about you ask? Well, when everyone is looking right, go left. Still, what are we talking about? In a nutshell, the market has become very bullish, despite the enormous amounts of negative economic data and overall headwinds.
Perhaps we see a strong reversal of the Rand on Monday morning now that the U.S. ambassador has done a 180? All we know is that we don’t know. These are confusing markets. Best to remain cautious and defensive and ‘take the quick turn’ – as the saying goes.
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