by John Sparks | Oct 3, 2025 | News
The US economy: A cold hard look Following the government shutdown on Wednesday, and the start of a new Federal Reserve rate-cutting cycle, the US equity market finds itself at a crossroads. On one hand, there is valid context for the need of monetary easing. The...
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 | 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...