Macro Pulse Episode 34
In this episode, Jacobus discusses market resilience despite ongoing geopolitical conflict, the outcomes from Donald Trump’s visit to China, the status of talks between the United States and Iran, and why oil prices have not risen higher. He also focuses on recent US economic and inflation data, the outlook for South Africa’s monetary policy, and the impact of the recent Western Cape floods.
Macro Pulse Episode 33
In this episode, Jacobus breaks down the global oil surge, the AI tech rally, and the impact of SARB rate hikes and fuel prices on South Africa.
Macro Pulse Episode 32
In this episode, Jacobus discusses the latest developments in the Middle East conflict and its impact on energy flows, the global economy and South Africa, as well as key insights from incoming Fed Chair Kevin Warsh.
Macro Alert: New Fed Chair incoming
A Warsh-led Fed may be more disciplined and proactive, but less interventionist, with reduced forward guidance. This could imply a higher risk premium and increased market volatility.
Macro Pulse Episode 31
In this episode, Jacobus discusses how the Middle East ceasefire and shifting oil prices are impacting global and emerging markets.
Macro Pulse Episode 29
In this episode, Jacobus discusses Finance Minister Godongwana’s conservative budget, infrastructure investment, and the stability of the GNU.
Macro Pulse Episode 30
In this episode, Jacobus discusses how the two-week ceasefire provided much-needed relief to emerging markets, exploring its impact on falling oil prices and the potential for South Africa to maintain economic stability.
Middle East escalation and market implications
Recent events in the Middle East mark a significant geopolitical escalation. Under “Operation Epic Fury”, US and Israeli forces launched coordinated strikes on Iranian military.
Macro Pulse Episode 28
In this episode, Jacobus Lacock discusses market performance over January, the nomination of Kevin Warsh as the new Fed Chair, and recent South African news, including updates from the SARB and the AGOA extension.
Fairtree Outlook 2026 | Macro and Markets
A sensible starting point for the year ahead is to locate where we are in the policy cycle. Globally, central banks delivered roughly 100 basis points of GDP-weighted rate cuts during 2025.
Macro Pulse Episode 27
In this episode, Jacobus discusses what 2026 could mean for global markets, emerging opportunities and South African assets, with risks you can’t ignore.
Macro Pulse Episode 26
In this episode, Jacobus discusses US Fed and SARB rate cut expectations, the outlook for SA assets and growth, developments around a potential Ukraine peace deal, Japan’s fiscal package, and highlights from the UK Budget.
Fairtree Insights
Subscribe
Stay up to date with the latest market views and insights from Fairtree’s Investment team, delivered to your inbox.
"*" indicates required fields
