Market Forces Articles

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    Market review: August 2017
    anemptytextlline
    14 September 2017
    Locally, August was the month that saw Parliament vote (again) on a motion of no confidence in President Jacob Zuma and the plight of SA citizens remain concerning as SA unemployment persists stubbornly at the 27.7% level. Because Moody’s views the situation in the country as ‘largely unchanged’ the agency announced shortly after the vote of no confidence that it is delaying its ratings decision on the SA sovereign. Good news arrived in the form of slowing consumer inflation, surprising at 4.6% in July, down from 5.1% for the previous month. Producer inflation eased too - to 3.5% - and hence there is a case for a disinflation outlook.
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    Ten minutes with Jurie Strydom
    anemptytextlline
    15 August 2017
    Despite the good market run of July, SA continues to be plagued by political and economic uncertainty. ‘This is a global phenomenon and not purely a South African or even an emerging market issue,’ Jurie Strydom, CE of Sanlam Personal Finance, reminds us. We live in a world where complexity is likely only to increase, reducing predictability. It is in these times that investors and their advisers should be focused on the long-term outcomes that meet individual client needs, and resist the temptation to allow fear to drive short-termism. In a short interview Jurie shares his view on the important role financial advisers play in times of uncertainty and potential market volatility.
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    Market review: July 2017
    anemptytextlline
    15 August 2017
    July was a rewarding month for investors who stuck to their long-term financial plan and were willing to take on some risk in the form of exposure to local and global equities.
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    Events that moved the market Q2 2017
    anemptytextlline
    3 August 2017
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    Market update: June 2017
    anemptytextlline
    27 July 2017
    Globally, the UK general election called by Theresa May to strengthen her majority resulted in a hung parliament. President Macron’s party won an outright majority in the French Parliamentary elections – making it the second successive defeat for nationalist apologists in Europe. And the ECB left rates unchanged but changed their language saying further rate cuts are off the table. What else happened during the month of June?
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    Populism driven by debt, low growth and a broken social contract
    anemptytextlline
    21 June 2017
    US President Donald Trump may perplex and exasperate the old order of established geopolitical interests, but his maverick style may turn out to be a boon for the global economy. That’s the word from Dr Pippa Malmgren, speaking at the annual i3 Summit last month. Malmgren said Trump is the “Uber” of politics. He is disintermediating traditional media companies by posting directly on social media; he’s shrinking the government’s staff constituent; and also declared it his aim to disintermediate Washington. And those who are decentralising power in America are clearly winning. “We will continue to see a president who thinks his job is to cut deals,” says Malmgren. “And markets like deals.”