"Many central banks like to
take the escalator up and the
elevator down. Slow to hike,
but quick to cut."
Bulent Badsha, portfolio manager at M&G Investments
“We are in a ‘wait-and-see’ market. Waiting to see if either fiscal-induced inflation or a recession is a more likely scenario in the US. Waiting to see the result of the US election. Waiting to see what happens with Iran and Israel, and waiting to see whether the big policy announcements from China will break the downward debt-deflation spiral.”
Chris Iggo, CIO of AXA Investment Management
“The stock market surged last Friday after the jobs report, which I thought was kind of interesting. To me the takeaway is that as long as the Fed is seen as still being in easing mode and the labour market is still seen as humming, that’s like rocket fuel for stocks.
Joe Weisenthal, journalist at Bloomberg
“The path of least resistance for the rand is a slow grind stronger from current levels, albeit with bouts of volatility.”
Nolan Wapenaar, Co-Chief Investment Office and Head of fixed income at Anchor Capital