UPDATE ON MARKETS: Man! I'm glad I didn't advice investors to cash in all they're local equity investments a year ago to invest abroad. #JSE improved by 1.6% during March, bringing 12-month returns to 54%. SA Property followed by gaining 1.2%, while the SA Bonds decreased 2.5%.
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The FTSE/ JSE All Share (+3.82%) again enjoyed a much better month than the MSCI All Country World Index (+2.67%) again in USD terms. The 12-month performance for the JSE in USD-terms still leads the MSCI ACWI’s performance by nearly 32%. Wow!
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South African Small Caps again dominated during March, growing by 7.7%. Large Caps and Mid-Caps grew by 1.3% and 3.4%, respectively.
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Foreigners returned as net buyers of South African Equities in March. They were however net sellers of local bonds, which might be contributed to the higher US Yields.
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From a sectoral point of view, March saw the Sectors very evenly matched.
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The Rand’s value AGAIN strengthened by 2.2% against the USD. This was a positive move as ALL other BRICS currency movements weakened against the USD. This helped the Rand to further extend its lead as best performing BRICS currency position over a 5-year period.
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The US M2 Money Supply YoY growth rate reached a new all-time high for the tenth time since early 2020.
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The US Dollar Index broke above its 200-day Moving Average, with the 50-day moving closer and closer to the 200-day. Will be monitoring a possible Golden-cross in April, which could be positive for the USD technically.
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Most commodities took a breather in March. Brent Oil was the biggest loser, losing 3.9%. Palladium however bucked the trend, by gaining a whopping 11.1% over the same period.
UPDATE ON MARKETS: What an eventful start to 2021. Between short-squeezes and hedge funds blowing up, volatility was definitely on the forefront during January. FTSE/JSE All Share (JSE) improved by 5.21% during January, bringing the 12-month returns to 14.51%.
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South African Large Caps dominated during January, growing by 5.41%. Mid Caps and Small Caps grew by 2.59% and 3.88%, respectively.
3/12
The FTSE/ JSE All Share (+1.95%) enjoyed a better month than the MSCI All Country World Index (-0.45%) again in USD terms. The 12-month performance for the JSE in USD-terms is now only lagging behind the MSCI ACWI´s performance by 3.7%.
#SouthAfrica might need a lot of catch up, but $EZA YTD performance in USD (+0.2%) continued 2nd half on 2020 recovery against $URTH (-0.8%)
3/12
#Global#Value#stocks still making short-term recovery, with $IWVL #ETF still looking strong relatively over the short-term. Over 3yr period it is however still lagging quite substantially.
- 2020 worst perf #sector making comeback in 2021 $IXC
- This is helping #oil producing countries with #Nigeria, #UAE & #Russia in top5 #Country ETF YTD performers in USD $NGE $UAE $ERUS
- Few countries moving in red this week
2/8
#Global#Value#stocks still making short-term recovery, with $IWVL #ETF still looking very strong relatively over the short-term. Over 3yr period it is however still lagging quite substantially.
This should be interesting for this months #OrbisvsSP500 unofficial challenge
3/8
This one is worrying, but then again, it's been for some time. #Global#Tech#stocks relative to #MSCI All Country World Index is definitely creating some concern. Be very careful.
UPDATE ON MARKETS: What a month! FTSE/JSE All Share improved by 10.5% during November, following 4.7% contraction during Oct & 1.6% decline in Sep. SA Property stocks made 17.5% recovery during Nov, bringing YTD performance to -43.6%. SA All Bond Index increased by 3.3% for month
2/13
South African Small Caps continued to perform well during November, growing by 15.56%. Mid-Caps and Large Caps grew by 10.05% and 10.37% respectively.
3/13
FTSE/ JSE All Share ( $JALSH) again enjoyed a better month than the #MSCI All Country World Index in USD terms. The YTD performance for the JSE in USD-terms was -7.12% versus the MSCI ACWI’s performance of 11.10%.
UPDATE ON MARKETS: With flareup of #COVID19 globally & many countries moving back into hard lockdown, #markets reacted. FTSE/JSE All Share contracted by further 4.7% during October, following 1.6% September decline. Another horrible month for Local Property stocks dropping 8.5%.
2/12
South African Small Caps were top performers for October, growing by 0.1% during the month. Mid Caps declined by 3.1% for the period, while Large Caps had a massive loss of 5.1% during October.
3/12
Although JSE was not left unscathed, it did outperform MSCI All Country World Market in USD. $JALSH however need quite a few more of these, with the YTD performance for the JSE in USD-terms at -19.98% versus the MSCI ACWI’s performance of -1.09%.