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EZA gives U.S. investors the chance to invest directly in South African equities through a U.S.-listed, USD-denominated ETF. Unfortunately, South African equities look expensive. While the USD/ZAR exchange rate is probably significantly overvalued, there is still the risk that ZAR rem...
During the fourth quarter, our base case for emerging markets (EM) was the following: we saw favorable economics, questionable politics, and an exciting digital disruption theme that swept across emerging markets countries around the world. Emerging markets have traditionally underper...
The consensus sees EM benefitting from the U.S. "Blue Wave". Local developments are the main drivers in Brazil and South Africa, causing the respective currencies to underperform peers by a wide margin. China's decision to extend the favored loan policy for small and medium-size c...
This year, South Africa has been navigating a perfect storm, as its economic woes have been exacerbated by the pandemic. Though 2020 will likely be overshadowed by an 8% reduction in real gross domestic product, the IMF is expecting the metric to increase by 3% in 2021. The foreca...
Commodities and commodity equities are historically out of favor. However, this has begun to change the past several months. Copper prices, iron ore prices, and industrial commodity prices are surging to new multi-year highs, eclipsing their 2016 peak prices. Goldman Sachs is now ...
Fitch Ratings downgrades South Africa's long-term foreign-currency issuer default rating to BB- from BB; outlook negative.The cut reflects "high and rising government debt, exacerbated by the economic shock triggered by the COVID-19 pandemic," the ratings company said."The very low trend grow...
Global business cycles are closely interconnected. Global business cycles are closely synchronized. Global equity markets respond accordingly. For further details see: Investing In Foreign Markets Sounds Exciting - But Isn't Always
To buy Naspers in order to profit from the closing of the NAV discount is likely naïve. Prosus might be the better stock in this respect. A closer examination of the reasons for the large NAV discount helps us understand how we can profit from it - and why we should hope for ...
Technical recovery from 50% decline in GDP during Q2 and benign global conditions have masked further deterioration in the medium- and long-term outlook. Administration's policy trajectory set to continue locking the country into a deep deflationary stagnation, with record unemploymen...
Countries around the world have responded to the economic downturn by implementing fiscal stimulus. This intervention has led to a deterioration of fiscal finances everywhere. However, even by these relative standards, Brazil and South Africa look particularly dismal. For fu...
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2024-06-11 11:58:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-10 20:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-21 08:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...