Animal Spirits
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It was a week full of rough sees in local and global markets last week as the JSE all share gave back -1.84% for the week. Monday's panic selling doing most of the damage.
Inflation fears, and interest rate hikes set the scene for selloffs in growth counters, aided by the Ukraine-Russia standoff, which sent panic rippling through energy sector, as oil & gas prices rocket higher and Sasol ended the week just over 10% up.
Data out on Sunday showed China's factory activity slowed in January as a resurgence of COVID-19 cases and tough lockdowns hit production and demand.
The standoff over Ukraine remains a thorn in the market's side, with concerns a Russian invasion would also cut vital gas supplies to western Europe.
To find what the animal spirits are telling us, Michael is joined by Chris Holdsworth, chief investment strategist at Investec Wealth and Investment
Inflation fears, and interest rate hikes set the scene for selloffs in growth counters, aided by the Ukraine-Russia standoff, which sent panic rippling through energy sector, as oil & gas prices rocket higher and Sasol ended the week just over 10% up.
Data out on Sunday showed China's factory activity slowed in January as a resurgence of COVID-19 cases and tough lockdowns hit production and demand.
The standoff over Ukraine remains a thorn in the market's side, with concerns a Russian invasion would also cut vital gas supplies to western Europe.
To find what the animal spirits are telling us, Michael is joined by Chris Holdsworth, chief investment strategist at Investec Wealth and Investment
