My number 1 goal is to help clients make money.
This is done by providing high quality research insights.
Well done to all who have taken advantage of the opportunities to trade.
Clients have benefitted by having had access to the following views.
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Note: All original (time-stamped) charts are shown.
SECTOR ROTATION: Resources In, Financials Out. The most important theme on the JSE has been the rotation out of financial shares, into resource shares. On 26 February, I published a note + chart highlighting the STXRES/STXFIN ratio trading at an important level on a multi-year basis. This was the bottom in the ratio and the lowest level since March 2020. In the 6 weeks since then, Resources (STXRES) has since outperformed Financials (STXFIN) by 42%. The original comment + time-stamped charts are shown below.
On a absolute basis, clients were presented with the following view: STXRES Bullish Reversal. This was the bottom in the ETF, which, over the 8 weeks, is higher by 32% (ungeared).
Lester Davids
Analyst: Unum Capital