Markets continued to rebound in Q1 2023 on the back of chinese reopening and a rotation out of value stocks into growth stocks. As we face Q2 there is a stark realisation that risks are abound and higher rates are starting to prove their effect on the global economy...
SA markets followed global markets higher over Q1 2023. Although the rate of increase was marginal – it was concentrated in tech stocks and luxury stocks. We think SA inc. value counters pose significant value – but higher rates for longer do pose a risk....
In a quarter that saw the demise of Silicon Valley Bank, it may be surprising to note the returns of the Nasdaq Composite Index which delivered gains of over 17% in USD, roughly 10% ahead of the broad market index. The rally was sparked by a downward shift of interest...
Expectations for growth seem to suggest that it wont be as stellar as we have seen over past few years. It appears an orderly calm is coming through. We expect interest rates are peaking, and thus we will probably see a more accommodating environment. The question for...
