To offshore or not to offshore – the rally is the question

With the rand tanking and local asset prices in the doldrums, many South Africans are looking offshore for investment opportunities. The recent rally in global stock prices – particularly in the US – has made offshore investing even more attractive. But before South Africans cash out and go all-in on American stocks, it’s important to ask one key question: Does the US market rally reflect reality, or just hope? In this episode, featuring content from the Bloomberg P&L podcast, we look at whether stock markets are appropriately pricing in signs of economic recovery or whether investors are pushing prices up past the point of good sense. As local investors contemplate the devastation on the JSE, it’s an important question to examine.