CHRIS GILMOUR: Where to invest if pulling out of steaming US equities
Investors may want to move from the S&P 500 to the JSE, but Eskom-induced paralysis bedevils the local economy
As we start 2020, SA investors face a dilemma — do they stay with an overcooked US market or do they move back into the JSE?
The S&P 500 posted a phenomenal almost 30% rise in 2019. In contrast, the JSE all share index (Alsi) put in a 5% “Santa Claus” rally in December, pushing the index to close 8.2% higher than when it started in 2019. Until then, it had languished at a tiny 3.3% rise until December 3. ..