A volatile week - Ignore the noise

by , 07 March 2018
A volatile week - Ignore the noise
After a volatile week, the market is almost flat. It's on the back of a lot of news (noise). But nothing that could derail emerging market rally.

We've had an intensified call for expropriation of land without compensation, the mining charter put to the back burner with a new and improved version due in 3 months. US President Trump ignites a potential trade war.

And today SA GDP coming in better than expected for Q4 2017 at 3.1%, followed by North Korea prepared to denuclearize with some conditions.

More noise to come later this week comes in the form of US Employment data, which could signal US rates faster than what is priced in.

It's important to ignore the noise and focus on your long-term strategy or goal.

Tomorrow an exciting ETF will start trading on the JSE that gives local investors an opportunity to gain exposure to US tech stocks like Apple, Microsoft, Google and Facebook at an extremely low cost (TER) of 0.35%.

The ETF is the Stanlib S&P500 Info Tech Index Feeder ETF. The ticker is ETF5IT.

Results Due

Last week’s movers and shakers… 

Short Term Ideas 
  • USD/ZAR: The USD strengthened as expected, trade closed for 2.5% ungeared gain.
Long Term Ideas      
  • Sasol: Still bullish. Buy below R400.
  • Aspen: Buy dips below R260.
  • Sygnia: Add below R12.50.
  • PPC: Moving in the right direction. Hold
  • Santova:  Buy below R3.00.
  • Merafe: Accumulate below R1.55.
  • Jubilee: Bottoming out. Hold.
  • MTN: Buy Dips below R122.50
  • Glencore: Diversified Commodity exposure. Hold
  • Wescoal: Long term buy. Add below R1.80
  • Naspers: Buy dips below R3,300, excessive discount to NAV.
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With retirement legislation amendments, it’s important to check if your current asset allocation is suitable for your retirement objectives, Contact Gavin McCarter at Prodigy Asset Management to claim your free retirement review. gavin@prodigyam.co.za

A volatile week - Ignore the noise
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