Category Archives: The Matrix Review

Download Performance Update                The past month has been an exciting time for global markets. The initial risk-off in September quickly gave way to a rebound in equities as investors became more comfortable with…
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Download Performance Update                South Africans are celebrating the move to Lockdown Level 2 as the number of new daily Covid-19 infections steadily declines. Yet the risk is that Level 2 might be too…
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Download Performance Update                Despite all the speculation about the market’s “V-bound” pricing in a “V-shaped” economic recovery, mobility data and various surveys suggest a more protracted and uneven recuperation. This is particularly the…
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Download Performance Update                The debate has shifted from the depth of the recession to the shape of the recovery. Notwithstanding the relatively minor risk-off market behavior in recent days, risk assets have largely…
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Download Performance Update                “There are no solutions; there are only trade-offs” – Thomas Sowell South Africa’s policy makers have come to realise that there are no solutions to the Covid-19 pandemic, nor the…
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Download Performance Update                  South Africa has been in lockdown for 25 days with 10 more to come and we all hope that it will not be extended again. Perversely, the more effective…
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Download Performance Update We are usually an upbeat bunch in our monthly communications to clients, but under the current circumstances, it may seem challenging to look for the silver linings. The coronavirus has brought and will continue to bring much…
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Download Performance Update Just as we thought the global economy was turning a corner for the better, Trump almost started World War III. Thankfully, the impact on the oil price and risk appetite was short-lived. However, the Chinese Lunar New…
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Download Performance Update Markets are off to a strong start in 2020, despite persistent uncertainties. This is even more encouraging given that it is off a respectable 2019 performance across most asset classes. Granted, the S&P’s near 27% stood out…
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Download Performance Update And so another decade ends with a year that proved that we continue to live in interesting times. 2019 will be remembered for deals and doves, protests and populism, bailouts and Brexit, Miss Universe beauties and rugby…
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