Equity markets have enjoyed a month of sharp increases, interrupted only by retreats in mid-April. The relief rally has seen indices retrace many of the losses they racked up following US President Donald Trump’s announcement of sweeping new tariffs on “Liberation Day” (which we named “Obliteration Day”) on 2 April. Last week, the S&P 500…
It feels like a lifetime, but Tuesday this week marked the 100th day of Donald Trump’s return to the White House. The US President has, during this time, already reshaped America’s place in the global order, refashioned parts of the US economy, downsized the federal government, and smashed numerous records, many of them negative. When…
Margaret Thatcher, the former British Prime Minister, who once declared that “The lady’s not for turning,” was contemptuous of politicians that backtracked on political convictions in the face of public or market pressure. But economic reality and stakeholders can force the most powerful political leaders and parties to backtrack on threats and promises. In recent…
The South African rand has a well-deserved reputation for volatility, but April has been a month of particularly choppy trading. Since the start of the month, we have seen the rand plummet from around R18.30/$ to an intra-day low of R19.92/$ on 8 April – before recovering to around R18.88/$ at the time of writing.…
US President Donald Trump’s chaotic approach to tariffs with the country’s major trading partners caused more upheaval in the markets this week, and there is no off-ramp in sight. Investors and traders have not only continued to flee equities over the past five days but have also cut their exposure to US Treasuries, which were…
US President Donald Trump’s chaotic approach to global trading relationships continues to unsettle equities markets, with the automotive sector in his crosshairs this week. Trump has announced a 25% tariff to be imposed on all imported vehicles and vehicle parts as part of his wider strategy to raise revenues to pay for tax cuts as…
We’re celebrating our 20th anniversary this month. With this milestone, Dynasty Asset Management marks two decades of providing independent and leading wealth management solutions to our clients, always prioritising their interests and long-term objectives. Today, we manage and advise on assets under discretionary mandates of R6.2 billion, having grown at an annual rate of 17%…
Geopolitical dealmaking under US President Donald Trump has always been defined by a transactional approach, where personal relationships, economic leverage, and unpredictability take centre stage. In his last term, he favoured headline-grabbing negotiations that showed quick results and his prowess as a dealmaker. It was thus no surprise Trump made bold promises about how quickly…
A new round of tariff impositions, threats and walk-backs from US President Donald Trump sent markets reeling and introduced a new age of trade uncertainty. The Nasdaq Composite and the S&P 500 both moved into correction territory (10% down from all-time highs) this week as investors reacted to Trump’s tariffs amid growing fears of a…
