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07 September 2020
 
 
 
Hello Voornaam,
 

A string of consecutive highs for the S&P 500 and Nasdaq, arguably two of the world's most watched stock indices, ended last Thursday, with sharp declines across a number of markets - the JSE included. Markets weakened again on Friday and are likely to mark time today due to the US Labor Day holiday.

In The Week Ahead, Chris Gilmour examines some of the factors that are driving markets and what to watch out for in the days ahead, including results from Shoprite, Momentum and FirstRand. Our second quarter GDP figures are also out this week, and Chris says they are likely to make for scary reading.

If you're looking for sound advice in these unpredictable markets, take a closer look at our new partner, Rand Swiss, an authorised financial services provider and currently ranked South Africa's #1 Stockbroker, Best Advice Broker and People's Choice Award Winner by the Intellidex/Financial Mail Top Stockbrokers Survey.

You can become a Rand Swiss Client in 3 easy steps, choosing the level of service you require depending on how involved you need them to be in each buy and sell decision. Click here to find out more.

Also today, the latest edition of Today's Trustee has just been released. The publication was launched as a quarterly magazine 15 years ago to perform a watchdog role for the retirement fund industry and help guide the principal officers and trustees of retirement funds. Given current market volatility, it's just as relevant for members. Get free access to Today's Trustee by following this link and make sure that your fund is being managed in line with best-practice social, environmental and governance principles.

Finally, in the latest Thorts, Cliffe Dekker Hofmeyr's Elnalene Cornelius and Tessa Brewis discuss dealmaking opportunities in a time of crisis.

I hope you have a good week.

Stephen Gunnion

Managing Editor, InceConnect



The latest from Ingham Analytics

This past week Ingham Analytics issued "Gold bug" and concluded that on balance they are in favour of the fundamentals underpinning gold prices and therefore the investment case. They also published a chunky Equity and Credit Markets Insight entitled "Powell-ing along" making a point that risk-taking in US financial markets has reached epic proportions. This note was timely in view of the rout last week in Tech stocks in the US, with Tesla down 20%. Other recent notes that are popular downloads are "Skin on the bones" and an "An Apple a day...?", which featured Apple - also down in the rout but still insanely valued they say.

 

 
Todays Latest Headlines
 
 
 
 
C&R withholds dividend as earnings tumble
C&R withholds dividend as earnings tumble
Due to the current level of uncertainty, the shopping centre owner says it will not resume dividends until market circumstances improve.
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Encouraging support as MC Mining receives funding
Encouraging support as MC Mining receives funding
The company is making progress in securing the balance of Phase 1 funding for its Makhado Project following lockdown delays.
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Putprop increases dividend as conditions deteriorate
Putprop increases dividend as conditions deteriorate
The property investment company says trading conditions will remain challenging, constraining capital and dividend growth in the sector.
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Luxe Holdings flags narrower loss
Luxe Holdings flags narrower loss
The company, formerly called Taste Holdings, attributes the improvement to dilution following a rights issue in February.
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Thorts - Dealmaking opportunities in a time of crisis
Thorts - Dealmaking opportunities in a time of crisis
A liquidity crisis for some could mean an investment opportunity for others and the benefits don’t need to stop at the investor ..
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The Week Ahead
The Week Ahead
SA Q2 GDP figures released on Tue Sep 8. Not for the faint-hearted.
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