Daily Insider: Sell on rumour, buy on fact – greenshoots for groggy investors

START YOUR MORNING BY LISTENING TO TODAY'S BIZNEWS BREAKFAST BRIEFING – Wall Street sells on rumour, buys on fact with Microsoft, Google; SA's electricity sector watershed; IMF slashes world growth forecast.Catch up with the latest on BizNews.com.Clem Sunter backs GG Alcock, applauds township entrepreneursRamaphosa's new energy plan proof Mantashe must go – OUTA Ramaphosa's power reform plan – SA can be 'cautiously optimistic'Half-mast idea that won't go away – Nathi Mthethwa's R22m flagBEE red tape makes doing business oppressiveBeware a South African 'Arab Spring'Monkeypox or Moneypox – Dr Robert MaloneFrom $0.04 to $120 for mobile data Prof Noakes on insulin resistance – keep challenging status quoA Covid measuring stick for the WHO – Abir BallanCryptocurrency adoption in investors focus Getting investments out of SA after emigrationHow to say no to busywork and supercharge your career (Premium).NB: If you're getting this newsletter second hand – click here to subscribe for your own copy. It's free and signing up takes less than a minute..Sell on rumour, buy on fact – greenshoots for groggy investors.It's been a rough ride for share market investors with Wall Street's 10% reverse in 2021 accelerating this year. And more bad news is on the horizon. Later today the US Federal Reserve will announce an increase in interest rates, probably matching June's 0.75%. Analysts will be combing through the details to look ahead to the Fed's next meeting, in September. .What happens to US interest rates affects us in two ways: First, a growing share of SA retirement portfolios are invested in US shares; Second, where America leads on interest rates, the rest of the world follows – including SA..Greenshoots could be starting to emerge, however. After the market closed last night Big Tech giants Alphabet and Microsoft released quarterly results that missed Wall Street's expectations. Usually that would spark a fresh round of selling. .After losing ground during the trading session, the share prices of the duo rose strongly in the after-market. A case of Wall Street selling on rumour, buying on fact. A further indication, perhaps, that too much bad news is now built into the market's expectations. .data-title=" WATCH: Clem Sunter is in a league of his own. The former head of Anglo's Gold and Uranium Division (when it was the world's #1), the Oxford-educated futurist and prolific best-selling author is passionate about encouraging entrepreneurship. Particularly those resilient beings who overcome incredible odds by operating successfully in South African townships, a highly compeititve, under-researched and under-supported sector. Sunter has little time for State-imposed schemes that waste taxpayer money on favouring the creation of 'businesses' by the politically connected. Much better, he says, for government to recognise a veritable army of informal sector entrepreneurs building businesses and creating jobs where meritocracy rules. In this interview with Alec Hogg, Sunter lauds the insights of recent BizNews interviewee GG Alcock – suggesting his voice is the one should be heard above those of many empty vessels whom ignore the township economy and thus have little feel for what's really happening in South Africa.".UPCOMING EVENTS – SIGN UP NOW .BizNews Conference – August 30 to Sept 3.All the rooms at Champagne Sports Resort are now allocated. But there are other accommodation options in the Valley which work well with the Day Pass option introduced for the first time. So if you want to spend four days with Paul O'Sullivan, RW Johnson, Rob Hersov, Mavuso Msimang, Piet Viljoen and our other speakers, click here for all the details and to register your interest..To receive the Daily Insider every weekday at 6am in your inbox click here. You can also sign up to the weekend's BizNews Digest for a wrap of the best content BizNews has to offer, for a leisurely Saturday read.

Daily Insider: Sell on rumour, buy on fact – greenshoots for groggy investors

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