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.

There is no substitute for data analysis

As we approach the end of the third quarter of the year, speculations abound on the health of economic blocs and the direction of equity indices.

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.

Turkey, spillover effects seem contained

Turkey and Argentina, two of the weakest emerging market economies have faced significant headwinds this year.

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.

Is stock performance only related to fundamentals?

A business cycle is composed of periods when GDP growth is accelerating sequentially and vice versa.

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.

Trumps approval rating

As we progress in the mid-term election year in the US it is becoming increasingly clear that the political landscape is overshadowing the economy.

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.

PWM Connect Magazine | Issue 1 | March 2018

It is here!  Today we are launching our new digital magazine, PWM Connect – it’s a proud moment.

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 JohannesburgDurban and Cape Town based and service clients throughout South Africa.