Having witnessed an intense amount of pressure on Emerging Market (EM) bond, currencies and stocks since August this year, we saw a substantial relief rally in early to mid-October.
As most of our readers will know, the northern and eastern parts of South Africa have been experiencing somewhat of a drought recently. Over and above that, we know that the gods also ordained that in the precise month that the no car walk-around Eco-Mobility Fes
The “40x40x40x40” is an apt measure of the situation affecting many South Africans.
As you know, dear reader, we spend much time thinking, reading and researching the big macro themes that wash over the markets.
It is once again that time. Analysts are looking to the future, seeing dark clouds on the horizon and then many of them realise that few of their colleagues have truly lived through a storm.