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The JSE Securities Exchange (-0.78%) is still overbought according to investors.
The November US inflation data, which was substantially higher than expected, has aroused market fears that the US economy could be on the verge of an upward inflationary spiral.
The rand slipped against the dollar yesterday before exporter buying pared losses, with traders citing lack of local interest due to a US holiday and a televised England SA cricket test.
From a theoretical perspective there are a number of valid reasons why interest rates have a direct bearing on stock markets, says Adrian Clayton, of Alphen Asset Management.
As an adviser reading this article, which discipline do you find most important for retirement planning?