There’s a growing consensus among investment experts that, globally at any rate, the markets are looking less constrained going into 2024. What happens locally is another matter, given South Africa’s unique economic and political challenges.
Importantly, the US Federal Reserve’s rate-rising cycle, which began last year and which has been among the steepest in recent history, appears to be at an end.
Izak Odendaal, chief investment strategist at Old Mutual Wealth, whose weekly Investment Note is a worthwhile read for anyone needing a weekly refresher on market activity,