by alex@integrityam.co.za | Jul 3, 2025 | News
The last month has seen a plethora of global geopolitical and economic events, many of them seeming unrelated. Below, we summarise some of the most relevant developments and their potential investment implications: 90 days later, but where are the 90 deals?...
by alex@integrityam.co.za | Jun 3, 2025 | News
Answering Trump’s “nastiest question” Stock market participants have dubbed Trump’s erratic trade policy “TACO” or Trump Always Chickens Out. While his rhetoric is bold and the threats often dramatic, they frequently end in watered-down policy or partial walk-backs....
by alex@integrityam.co.za | May 7, 2025 | News
Has US exceptionalism run away from fundamentals? For over a decade, the US economy maintained a material outperformance versus its global peers. From 2014 to 2024, US real GDP expanded +27%, far ahead of most developed economies. US equities surged +186% relative to...
by alex@integrityam.co.za | Apr 3, 2025 | News
Weakness expected in US consumption Since 2020 personal consumption has accounted for more than four-fifths of all GDP growth. Now though, this key growth driver is beginning to falter as US consumption data indicates falling real restaurant sales, building materials...
by alex@integrityam.co.za | Feb 6, 2025 | News
Trump’s terrif(ying)ic tariffs Not two weeks into his presidency and Trump has already kicked off his second trade war by announcing 25% tariffs on Canada and Mexico, and a more modest 10% on China and Canadian energy. While his campaign promises ranged from “ending...