There are no guarantees that the V-shaped recovery will hold
15 July 2020
Those of us who rely on the stock market to fuel our investment portfolio returns may wish to rethink our strategies, given the poor earnings outlook for firms on both domestic and offshore stock markets. Adrian Saville, CEO and founder of Cannon Asset Managers, has warned that the constituents of the MSCI All World Index would likely see a 70% decline in earnings in 2020. He was presenting during a supplementary budget outlook webinar hosted by Liberty Group. JSE-listed firms were expected to report a 30% decline in earnings.