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UPDATE ON MARKETS: Following recovery in May & June, FTSE/JSE All Share (JSE) enjoyed another SOLID (+2.56%) month in July. Local Property stocks lost 3.19% of its value. Although foreigners were net sellers of local bonds, SA All Bond Index was still positive over same period.
2/11
The market was predominantly driven by Large-Caps (+2.43%), while both Mid-Caps & Small-Caps lagged somewhat behind over the same period.
The market was predominantly driven by Large-Caps (+2.43%), while both Mid-Caps & Small-Caps lagged somewhat behind over the same period.
3/11
After seriously outperforming in June, the JSE took a bit of a breather in July, underperforming both MSCI All Country World Index (+5.29%) & MSCI Emerging Market Index (+8.94%), with a performance of 4.44% over the same period.
After seriously outperforming in June, the JSE took a bit of a breather in July, underperforming both MSCI All Country World Index (+5.29%) & MSCI Emerging Market Index (+8.94%), with a performance of 4.44% over the same period.
4/11
Foreigners were now officially net sellers of SA Equities for 13 months in a row.
Foreigners were now officially net sellers of SA Equities for 13 months in a row.
5/11
From a sectoral point of view, Resources kept the JSE positive in July, with a performance of +8.32%. Although Financials show some recovery in July, it again lagged behind the JSE. Industrials were outright negative over the same period.
From a sectoral point of view, Resources kept the JSE positive in July, with a performance of +8.32%. Although Financials show some recovery in July, it again lagged behind the JSE. Industrials were outright negative over the same period.
6/11
The Price Gauge Indicator is still trading at “VALUE” levels similar to Post-2008-Crash levels.
The Price Gauge Indicator is still trading at “VALUE” levels similar to Post-2008-Crash levels.
7/11
Although the Rand improved against the USD, this was mostly driven by USD weakness. It lost more than 3% in July against both the Euro and GB Pound.
Although the Rand improved against the USD, this was mostly driven by USD weakness. It lost more than 3% in July against both the Euro and GB Pound.
8/11
The US Dollar Index dropped, with its 50-day moving average dropping below the 200-day moving average during July. Could this be a permanent trend reversal?
The US Dollar Index dropped, with its 50-day moving average dropping below the 200-day moving average during July. Could this be a permanent trend reversal?
9/11
Commodities were SUPER strong in July. Platinum (+10.1%) & Gold (+10%) lead the July race, while Palladium (+8.4%) and Copper (+7%) weren’t too far behind.
Commodities were SUPER strong in July. Platinum (+10.1%) & Gold (+10%) lead the July race, while Palladium (+8.4%) and Copper (+7%) weren’t too far behind.
10/11
The US M2 Money Supply YoY growth rate reach a new all-time high for the third month in a row during June. As previously mentioned...USD hated the news & Gold loved it!
The US M2 Money Supply YoY growth rate reach a new all-time high for the third month in a row during June. As previously mentioned...USD hated the news & Gold loved it!
11/11 & Final
SA General Equity Sector increased 2.3%, while SA Multi-Asset High Equity increased 0.6%. SA Multi-Asset Low Equity however decreased by 0.7% during July.
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” ― Warren Buffett
SA General Equity Sector increased 2.3%, while SA Multi-Asset High Equity increased 0.6%. SA Multi-Asset Low Equity however decreased by 0.7% during July.
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” ― Warren Buffett
