📉 US equities: Reached an all-time high on Feb 19 before declining due to inflation worries and weak economic data.

🇪🇺 Europe’s strength: European equities outperformed, gaining 13% YTD, supported by strong economic data and improving energy dynamics.

🏅 Gold’s surge: Up 10% this year, reflecting investor demand for safe-haven assets amid geopolitical uncertainty.

🇿🇦 SA market trends: Positive performance, mainly driven by Naspers and Prosus, thanks to Tencent’s strength and renewed interest in Chinese tech.

⚖️ Political developments: SA’s budget speech delay and load shedding underscored ongoing risks, though the rand remained stable.

🎯 Investment takeaway: Market uncertainty and regional divergence highlight the importance of risk management.

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