China Running and Finally a Sasol Reversal Pattern?
Market Updates & Analysis: Sasol Reversal Pattern? – Examining Sasol’s technical setup and the significance of a ‘kangaroo tail’ pattern. Rand Stability Amid Trump’s Threats – Despite geopolitical concerns, the rand remains steady. Top 40 at All-Time Highs – Market momentum and investor confidence. South Africa’s Budget Speech (Wednesday, 2 PM SAST) Revenue shortfalls and potential tax bracket adjustments Universal Basic Income and National Health Insurance funding discussion Expectations for the fiscal policy outlook Stock & Sector Insights: Telkom: Revenue up 0.9%, in a turnaround phase, but Simon remains skeptical about telcos. Santam: Strong earnings growth (40-60% increase in HEPS), but insurance sector risks remain. Shoprite*: Consumer stock pullback; long-term bullish outlook despite short-term pressure. China Stocks & ETFs: Alibaba up 40% on Apple collaboration Satrix China ETF – is it time to reconsider investing in China? General sentiment split between ‘China is uninvestable’ vs. ‘China has potential’ Bond Market Watch: SA Bonds Showing Volatility: A significant move in bond yields post-Trump comments, raising concerns about borrowing costs. Simon Brown * I hold ungeared positions. All charts by KoyFin | Get 10% off your order