"A big trend will swamp any cycle."
Michael Horvath, American entrepreneur and co-founder of Strava
“Regular health checks are prudent and important for detecting problems before they grow too large. We approach the well-being of the US consumer in a similar manner, seeking to identify signs of poor health that could lead to greater problems for the economy down the road. We do this by analysing what consumers owe; what they own; and to what extent incomes will continue to grow. By dissecting troublesome areas, we find that the US consumer should bend, not break, in 2024.”
GIR team, Goldman Sachs
“At worst it implies policy stability, at best there is upside to implementation.”
Carmen Nel, economist at Terebinth Capital, on the recent GNU
“In the SA market, everything is a relative game.”
Matthew Whitelaw, portfolio manager at 36One Asset Management