EPISODE · Jan 12, 2026 · 10 MIN
Macro Monday Ep 100: A year when valuations mattered
from Investec Focus Radio SA · host Investec
In the first episode of Macro Monday for 2026, our Chief Investment Strategist Chris Holdsworth looks at market performance over the last year. While US equities added 18% in 2025, it lagged behind global equities (up 23%) and an array of countries, including South Africa. One of the top-performing currencies last year was the rand, which benefited from improved fundamentals and a weaker US dollar. Investec Focus Radio SA
What this episode covers
In the first episode of Macro Monday for 2026, our Chief Investment Strategist Chris Holdsworth looks at market performance over the last year. While US equities added 18% in 2025, it lagged behind global equities (up 23%) and an array of countries, including South Africa. One of the top-performing currencies last year was the rand, which benefited from improved fundamentals and a weaker US dollar.
NOW PLAYING
Macro Monday Ep 100: A year when valuations mattered
No transcript for this episode yet