• South Africa
• Bonds, Dollar, Equities, Junk status, Outflows, Rand, Risk-off, Risk-on
• July 19, 2020

Remember Karate Kid? Well, it had nothing to do with economics or finance, but the famous “wax-on, wax-off” scene always comes to mind for me when people talk about risk-on or risk-off. This concept tries to explain why the South African market moves for reasons that have nothing to do with South Africa. In times of crisis or when investors …