S&P hits an all-time high – what does this mean for SA?
Just as the market was slow to discount the scale of the pandemic in its first few weeks, it will likely be equally slow to price in the recovery. Intuitively then, this is where the opportunity lies
31 August 2020 - 06:00
We are almost through August – roughly seven months since the seemingly remote tremor in Wuhan resulted in the Covid-19 tsunami that would rip through global equity markets just weeks later.
Much like the tragic sequence of events that follows an actual tsunami, the only investors that would escape the carnage were those that immediately ran for the hills. Most of us loitered on the beach, wasting critical moments while our scepticism turned to disbelief as the wave came into view and it became apparent that there was no escape...
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