Whether we like it or not, the progress of the JSE is determined to a considerable extent by what happens on Wall Street. If the New York Stock Exchange (NYSE) is in a bear trend then the high probability is that the JSE will also be heading south. So, private investors are always well-advised to keep their eye on American markets and to take a view on where they might be going.
The best way to follow the NYSE is through the S&P500 index. This is a weighted index of the 500 largest companies trading on Wall Street. The 500 companies which it includes are constantly the subject of intense analysis and prediction. American companies report every three months – so the quarterly updates are eagerly awaited and anticipated. Read More