WATCH: Animal Spirits
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That was one forgettable September
The all share experienced its worst monthly decline since late October 2020, falling more than 4%, driven by losses in precious metals, industrial metals and resources, which plunged 15.9%, 14.2% and 12.48%, respectively. It seems the market is much more worried about inflation now overshooting than debt ceilings or withdrawn stimulus. The MSCI All World Index shed -4.13% (worst since Mar 2020), S&P 500 shed -4.65% (worst since Mar 2020) and the Nasdaq -5.31% (worst since Mar 2020)
Commodities rolled over and really all this is mostly thanks to China.
Let’s find out what the animal spirits are telling us with Chris Holdsworth, chief investment strategist at Investec Wealth and Investment
The all share experienced its worst monthly decline since late October 2020, falling more than 4%, driven by losses in precious metals, industrial metals and resources, which plunged 15.9%, 14.2% and 12.48%, respectively. It seems the market is much more worried about inflation now overshooting than debt ceilings or withdrawn stimulus. The MSCI All World Index shed -4.13% (worst since Mar 2020), S&P 500 shed -4.65% (worst since Mar 2020) and the Nasdaq -5.31% (worst since Mar 2020)
Commodities rolled over and really all this is mostly thanks to China.
Let’s find out what the animal spirits are telling us with Chris Holdsworth, chief investment strategist at Investec Wealth and Investment
