by John Sparks | Sep 5, 2025 | News
The Jackson Hole reprieve The outcome of Jackson Hole provided welcome relief for US investors, as Fed Chair Jerome Powell signalled his most dovish stance to date, and the probability of a September rate cut now rising to 85%. The VIX has remained relatively subdued...
by alex@integrityam.co.za | Aug 5, 2025 | News
Here’s the rally; what’s the reason? The Fed has chosen to hold rates steady for a fifth straight meeting, with FOMC consensus beginning to divide. While President Trump has been vocal in criticising the Fed, Jerome Powell argues that the full inflationary impact of...
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...