Since the heavy crash and subsequent rally in global equity markets in the first half of this year, many investment market participants have been asking about the extent and timing of the recovery from the rapid and devastating impact of the fight against the spread of the Covid-19 virus. These questions are often based on…
This article has been compiled exclusively for Dynasty clients by Dr Lance Vogel from Analytics Consulting, who is represented on the Dynasty Investment Committee. It is a well-known fact that corporate earnings (E) are a very influential driver of share prices (P) over the long-term. As a result, investment strategists will study the performance of…
This article was written by Professor Ivor Sarakinsky – bespoke for Dynasty clients. The clichés of a crisis being an opportunity are doing the rounds at the moment with Covid-19, directly and indirectly, bringing South Africa to a near standstill. Crisis also exposes and amplifies deep-seated fault lines in society that no longer can be…
The Covid-19 pandemic is a source of anxiety and suffering for many people around the world. While political leaders, scientists, NGOs, and other stakeholders are working on solutions to the humanitarian and health dimensions of the crisis, our primary objective as Dynasty is to protect clients’ wealth and look after their financial interests during this…
Between the global COVID-19 crisis and the decision from Moody’s to downgrade South Africa’s sovereign credit rating in Q1 2020, the rand has had a torrid year so far. Is R18.70 to the US dollar fair value, could it fall further, and what are the chances that it could rebound? As regular readers of our…
Dynasty is deeply aware that Covid-19 is essentially a humanitarian crisis. Due to extensive media coverage on the human, social, scientific, and statistical aspects of the virus, we thought it would be informative, in the capacity of the custodians of our clients’ wealth, to run a weekly series covering the economic and investment impacts of…
Global Franchise’s defensive qualities provide support Equity markets have again fallen significantly as fears of a further spreading of the coronavirus, and likely stricter containment measures (particularly in the US), have been compounded by the emergence of a price war in the oil market, after Russia refused to agree to production cuts proposed by Saudi…
The Rand is likely to remain substantially undervalued as we wait for SA to be rebalanced out of the global bond index at the end of April 2020. The currency could strengthen somewhat after the rebalancing, especially if SA and global infection numbers have improved. The currency is significantly undervalued against all the major currencies.…
“Panic is highly contagious, especially in situations when nothing is known and everything is in flux.” – Stephen King Stock markets across the world had their worst day since the 2008 financial crisis on 9 March this year. A more than 30% intra-day crash in the oil price added further volatility to a market already spooked…
