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07 Apr 2020

US Correction on the cards

I have a feeling the Dow Jones is heading for a big correction from 25650 to 23 something..or lower. With the current China trade wars, I don’t think the US market can sustain this rate of growth. Analysts are telling us that the fundamentals are not strong enough. Right now, the US is just deferring the bad news.

I suspect this means a forthcoming opportunity for Southern Africa, where we will see a swing in the next year or two. The rand may weaken in the short term due to emerging market worries, and political concerns. But a renewed interest in growth markets will see investors coming back to SA..at least those that understand the political environment. Let’s hope as a country we can get our message right in order to get a piece of the action.

US Correction on the cards

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