The U.S market closed higher on Thursday and we are following that trend, but I think things will settle down in the new year.
The fundamentals for these kind of stocks are very promising with the healthy economic growth prospects.
The JSE was lower today on profit taking and the pull back in markets overseas, especially the East. There is no change in the fundamentals.
Despite the strong rand the JSE remained strong, which showed that there was a lot of positive sentiment.
A lot of factors are positive for the sector, there's Christmas turnover, a stronger rand which means interest rates will remain as they are or even another cut as some people are suggesting.
We had a dip initially but those are not that much of a concern, we'll see some volatility and profit-taking but I think the trend is still rising.
The JSE is strong again, but it will stay volatile for the foreseeable future. The Dow was steady overnight, while the gold price moved back to $530/oz. The market should pick up from next week as more people are at their desks.
Gold has pulled back from its recent spike to around $505 an ounce while the rand has strengthened to 6.34 against the US dollar.
Monday was a very big day but the market is volatile and I guess there was some profit taking but industrials and some insurers are stable.
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