Michael Avery talks to Investec Wealth & Investment chief investment strategist Chris Holdsworth
01 February 2022 - 15:02
UPDATED 02 February 2022 - 09:00
byBusiness Day TV
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
It was rough seas in local and global markets last week, with the JSE all share giving back 1.84%, driven largely by Monday’s heavy selling.
Inflation fears and interest rate hikes set the scene for sell-offs in growth counters, aided by the Ukraine-Russia standoff, which sparked alarm in the energy sector. Sasol ended the week just more than 10% higher.
Data out on Sunday showed that China’s factory activity slowed in January as a resurgence of Covid-19 and tough lockdowns hit production and demand.
Tension over Ukraine remain a thorn in the market’s side, with the concern that a Russian invasion would also cut vital gas supply to Western Europe.
To find what the animal spirits are telling us, Michael Avery is joined by Investec Wealth & Investment chief investment strategist Chris Holdsworth.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
BUSINESS WATCH WITH MICHAEL AVERY
WATCH: Animal spirits
Michael Avery talks to Investec Wealth & Investment chief investment strategist Chris Holdsworth
It was rough seas in local and global markets last week, with the JSE all share giving back 1.84%, driven largely by Monday’s heavy selling.
Inflation fears and interest rate hikes set the scene for sell-offs in growth counters, aided by the Ukraine-Russia standoff, which sparked alarm in the energy sector. Sasol ended the week just more than 10% higher.
Data out on Sunday showed that China’s factory activity slowed in January as a resurgence of Covid-19 and tough lockdowns hit production and demand.
Tension over Ukraine remain a thorn in the market’s side, with the concern that a Russian invasion would also cut vital gas supply to Western Europe.
To find what the animal spirits are telling us, Michael Avery is joined by Investec Wealth & Investment chief investment strategist Chris Holdsworth.
Or listen to full audio
Subscribe for free episodes: iono.fm | Apple Podcasts | Spotify | Pocket Casts | Player.fm
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.