A long cycle, but no sign of a recession yet
This is one of the longest economic growth cycle in history and the anniversary of the Lehman brothers’ collapse last week, reignited discussions about whether the economic expansion is coming to an end.
The US economy, dollar and equity indices
The S&P500 rallied to end the month strongly and reached all-time highs along the way. It is crushing other equity markets as growth divergences favour the US.
FED Chair provides boost to risk assets
The annual meeting of central bankers at Jackson Hole, Wyoming is scrutinised by analysts for clues about the trajectory of monetary policy in the coming quarters.
Which Sectors might outperform the market from here?
The S&P500 rose to close to its all-time high last week as a stellar reporting season, characterised by strong growth in earnings, revenue and margins, drew to a close.
US earnings power ahead
81% of companies within the S&P500 have reported earnings recently and the numbers have again been stellar.
Defense is the best form of attack
So far, 265 companies in the S&P500 have reported earnings and the year on year growth. These have been roughly in line with the price performance for cyclical sectors with some exceptions like the Industrials segment.
PWM Connect Magazine | Issue 2 | June 2018
Wondering how the Trade-war could affect emerging markets? Our 2nd issue of PWM Connect has a very insightful article discussing the role trade tensions could have on investor concerns.
Mechanics of China slowdown
There is some debate about whether the 26% fall since February of the Shanghai Composite index is solely because of the trade dispute with the US.
S&P500 earnings growth year on year
The escalating trade war between the US and the rest of the world has seen the Shanghai Composite index in China enter bear market territory while equity indices in Europe are off their highs of the year and are struggling to make further gains.
Is portfolio rebalancing season back?
Our proprietary GDP tracking model showed that the growth of the global economy peaked in January 2018 and has since slowed sequentially.
The Different Stages Of Wealth
Financially independent people have assets that generate income (cash flow) that is at least equal to their expenses. Income that is earned without having to work a job is commonly referred to as “passive income”.
South Africa Is The Largest Wealth Market In Africa
In this blog post we do a comprehensive review of the wealth sector in South Africa, including HNWI trends, prime property, luxury and wealth management trends.
10 Must-Read Books About the Financial Market, Investing and Building Wealth
Most successful people credit reading as a factor in their success. Bill Gates reads 50 books a year, which is about a book every week. We have compiled a list of must-read books.
Structured Products' Role In Wealth Planning
Andrew Oliff, Director at PWM Wealth Management joined co-panelists Melissa Dyer, the Head of the Advisory Business at Harbour Wealth and Brian McMillan, Head of Structured Products (Retail Sales Investec) on Michael Avery’s Classic Business radio show, discussing structured products and it’s role in wealth planning.
Welcome To Our New Website
Welcome to our new wealth management website. At PWM Wealth Management we provide specialist investment services to affluent individuals. We provide independent, expert advice on local and offshore investment funds, portfolios and structures. We are Johannesburg, Durban and Cape Town based and service clients throughout South Africa.