🔒 Boardroom Talk: January’s Jump may well have been another sucker rally

By Alec Hogg

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Nobody has a crystal ball when investing in the stock market. So those who see the January Jump in US share prices as the start of something big may be correct. 

Our informal advisory board, however, suggests this will turn out to be another ‘sucker rally’ and thus an opportunity to effect a further restructure of the BizNews Share portfolio. So expect some exciting changes at today’s Premium-member-only webinar. It’s at noon, and you do need to register beforehand. Click here. The recording of my interview yesterday with Richard Wilkes (above), the VP for Risk at Easy Equities, is a perfect appetizer for what to expect.   

Although we’re ‘house full’ on BNC#5, there are always late cancellations, and some also get bumped late in the day for not paying deposits. If you didn’t have the foresight to book early and want to join us in the Drakensberg, drop my colleague Danita de Canha an email ([email protected]), mention you’re a Premium member –  and she’ll do her best to make a plan. 

A late change to the BNC#5 programme – I’ll be facilitating an extraordinary “Covid-19 Truth Be Told” workshop on Wednesday afternoon (March 1) featuring our special guest from the UK, Dr. Aseem Malhotra, and local stars Prof Tim Noakes and Nick Hudson. It’s sure to be an attractive alternative for those who prefer to give the traditional golf/tennis/mountain biking a miss.  

More for you to read:

• A must-read story in The Economist about one of the BizNews tribe’s favourite politicians, uMgeni executive mayor Chris Pappas. Its headline reads: A white, gay, Zulu-speaking mayor is shaking up South African politics. Click here.
• One of my literary heroes, Scottish author/academic/historian Niall Ferguson, has written a superb piece for Bloomberg on why globalization isn’t dead—he picked up the cue from his K-Pop-loving tweenagers. Click here.
• Indian billionaire Gautam Adani is throwing his nation’s patriotic fervour at US short seller Hindenberg Research which accuses the country’s most powerful industrial conglomerate of stock manipulation and corruption. A terrific story where the narrative is being played for locals as an attack on Indian national pride. Click here.