With election season winding down, Citadel Global weighs in on the impact on the currency landscape and how market dynamics could play in the rand’s favour for the rest of 2024

Izak Odendaal draws parallels between the Olympics and investing, emphasising the importance of endurance, simplicity, balance, and teamwork in both. Odendaal discusses the dominance of US markets, the impact of the Federal Reserve, and why long-term strategy matters most for investors, despite short-term volatility.

Maarten Ackerman, Chief Economist at Citadel, comments on South Africa’s Q2 2024 Gross Domestic Product (GDP) data announced by StatsSA.

Sebastian Mullins, Head of Multi-Asset and Fixed Income at global asset manager Schroders discusses the implications of the tumultuous lead-up to November’s general election in the US.

Izak Odendaal, Investment Strategist at Old Mutual Wealth, provides insights into the current global market transitions, particularly the turning point in global interest rates. As rates begin to fall, we observe shifts in bond, equity, and currency markets.

Jerome Powell’s highly anticipated speech at the Federal Reserve’s (Fed) annual Jackson Hole summit provided key forward guidance. He acknowledged that there had been an “unmistakeable” cooling in the labour market, adding that policymakers had “ample room” to respond to a more pronounced deterioration. However, he stressed that the timing and pace of cuts would hinge on “incoming data, the evolving outlook and the balance of risks.”