? 30 Second Market Brief (19 Feb 2024)
Sean Cohen's 30 Second Market Brief

? 30 Second Market Brief (19 Feb 2024)

Sean Cohen ???? Sean Cohen ????

Sean Cohen ????

Offshore Investment Advisor for South Africans | Tax-Efficient Structuring | Favikon’s Top 100 LI Influencers in South Africa

发布日期: 2024年2月19日
+ 关注

Stay informed without the time commitment.

Here's this week's 30-Second Summary.

Let's dive in.

International Update

Global Market News Summary

  • US inflation higher than expected.
  • US believe shelter prices will drop and bring down inflation.
  • Markets price in only 10% chance of a US rate cut in March.
  • US retail sales also came back worse than expected.
  • Europe shows signs of cooling inflation and expected interest rate cuts.
  • UK economy contracts, enters technical recession*. (See definition below)
  • Japan, similar to the UK, enters a technical recession*.

*Technical Recession: Two consecutive quarters of negative growth.

  • Positive Market Moves: Euro Stoxx 50 (+1.06%), FTSE 100 (+1.84%), Hang Seng (+3.88%), Nikkei 225 (+4.31%).
  • Negative Market Moves: S&P 500 (-0.42%), Nasdaq (-1.34%), Dow Jones (-0.11%).

South African Update

South African Market News Summary

  • Retail sales better than expected, but still expected to detract.
  • SA Budget Speech on Wednesday 21 Feb, focus on fiscal discipline.
  • JSE ends week slightly up (+0.26%).
  • Rand strengthens to R18.84/$.

And that's it. You're all caught up for the week.

Find this newsletter helpful? Share with a friend.

See you next week.

Sean ??

Also: When You're Ready, Here Are 2 Ways I Can Help You...

  1. Protect Your Wealth & Build an Offshore Nest-Egg. Book a Call
  2. Grab my FREE Offshore Investing Handbook. Download Here


The 30 Second Market Brief ?? The 30 Second Market Brief ??

The 30 Second Market Brief ??

3,620 位关注者

订阅
Dean Robinson

Junior Valuations Specialist at GAEL Group

1 年

Sean Cohen love your market brief #knowledge #knowledgesharing #inspiration

赞
回复
Anthony Walsh, QFA, EFA

Author & Financial Advisor- Financial Education for Expats

1 年

Consumer confidence is currently at 2009 level. You'd think our economy is in shambles, unemployment is rampant, and there's risk all around us. But this couldn't be further from the truth. Today we have: Record low unemployment Record high stock market value Record stock market earnings Inflation coming back to normal We have a booming economy. Things are looking great, but it doesn't feel this way. That's why we need this newsletter. We need to someone to finally report on the positives. Save like a pessimist, invest like an optimist.

赞
回复
1 次回应
查看更多评论

要查看或添加评论，请登录

Sean Cohen ????的更多文章

社区洞察

其他会员也浏览了