The Investment Perspective, with Ninety One

Bond markets were feeling rather buoyed by falling inflation and an interest-rate cutting cycle that promised many more moves to the downside. Then along came the US Election and a Trump victory. The campaign that promised even lower inflation was greeted by market participants that disagreed. Trump’s potential policies once in office have been interpreted as reflationary and bond yields have been ticking higher. Adam Furlan explains the implications. Hosted on Acast. See acast.com/privacy for more information.

In a feat of remarkable political resurrection, Donald Trump is to be the 47th President of the United States. As results trickled in, US equity futures started rising, presumably assuming that Trump will be a business-friendly president. But can the initial reaction be maintained, and what about other asset classes, particularly bonds? Philip Saunders assesses the implications of this seismic political event. Hosted on Acast. See acast.com/privacy for more information.

The Medium Term Budget Policy Statement it is an important precursor to the real deal in February 2025, and often serves as a useful barometer of SA’s fiscal state. Growth is sluggish, income crimped and deficits will widen. However, there were no unpleasant surprises and although the rand and bond markets weakened, there was a gratifying air of predictability. Adam Furlan sketches out the speech with particular reference to promised infrastructure spend. Hosted on Acast. See acast.com/privacy for more information.

Gold has astonished in 2024, making record highs in dollar terms with repetitive regularity. And yet the high-profile gold gathering in Denver Colorado, recently concluded, was not as well attended as in previous years. George Cheveley was there, and although he conceded that a cautious pall hung over the conference, he came away enthused by the yellow metal’s prospects. He looks at why gold is where it is, who has been buying, and how one should consider its future in a world where AI and big tech have distracted potential investors from this asset class. Hosted on Acast. See acast.com/privacy for more information.