Market update

To say the markets are VOLITILE is an understatement.
In the past 3 months we experienced a war very far but the impact on us is visible already.
Last week we heard that the Fed announced ‘n inflation rate of 8% for the USA. This had our markets tumble.

The good news is that RSA export figures spiked seriously upwards.
Our inflation rate is under control( SA Reserve Bank targets) of 5.9%.
Our interest rate went up by 0.5% which if good for investors.

In the meantime, the Glacier investments are recovering gradually. Coronation Balanced Plus clients will see ‘n recovery to previous levels soon and those invested in Bonds still get above 7% ( our government bonds are highly sought after).

The rule during this time is: Take note but do nothing – good times are on the way!