David Shapiro on the value vs growth argument for 2022

South Africa’s favourite market commentator David Shapiro provides insight into a host of interesting developments that unfolded in the markets over the festive period. The US Federal Reserve’s December minutes spooked investors as the world’s most prominent central banker took a more hawkish stance on the accommodative policies that have been the primary tailwind, which has pushed markets higher since the onset of the pandemic. Despite this, the JSE was incredibly resilient over the holiday season, trading slightly below its all-time high at a shade below the 75,000 level. The Cristal Challenge – an investment competition where each participant chooses five JSE-listed stocks in an equally weighted portfolio – is discussed following its popularity in 2021. Interestingly, the most popular share in the competition, the Purple Group (parent of EasyEquities), was one of several companies in the BizNews portfolio that outperformed significantly in 2021.  Learn more about your ad choices. Visit megaphone.fm/adchoices