Market Outlook - May 2022

Rezco Asset Management hosted an investment webinar on 12 May 2022, with Chief Investment Officer Rob Spanjaard, Co-Portfolio Manager and Head of Research Simon Sylvester, and Head of Distribution Brian du Plessis presenting views on market outlook - may 2022. As a South African asset manager, Rezco explains how macro conditions, valuation and risk control shape unit trust and segregated portfolio decisions.

What this webinar covers

This webinar replay covers Market Outlook - May 2022 and how Rezco interprets current markets for clients seeking risk-adjusted returns. The session focuses on Rezco Global Equity Fund, Rezco Multi-Asset funds, Rezco SA Equity Fund and related portfolio themes. But what really adds value to Simon and me as portfolio managers, middle of last year, we said, "Okay, what we're going to do is we are going to be short some of these stupidly expensive tech shares with no earnings," Peloton, I'll give you an example.

Key themes discussed

• South African macro and politics
• artificial intelligence in investing
• bear markets and recessions
• cryptocurrency
• emerging markets
• equity opportunities
• Jerome Powell
• Joe Biden

Macro and market context

Much rather have a recession than have inflation out of control." And he sorted it out once and for all, hiking interest rates up to 20% in the US. But as soon as inflation started moving towards 2%, hadn't even breached 2%, the Federal Reserve were already hiking interest rates.

Companies, sectors and ideas mentioned

• Berkshire Hathaway
• Jerome Powell
• Joe Biden
• Larry Summers
• European Central Bank
• Federal Reserve
• US Treasury
• Graysco Asset Management
• Rob Spanjaard
• Simon Sylvester

Rezco's risk and portfolio views

It goes on for a while, trying to find the top and then realizing it's the top, and there's this volatility, the drawdowns. This is a difficult market, and we've got to try to piece everything together in a coherent way and make good risk-adjusted or probability-managed decisions. But what really adds value to Simon and me as portfolio managers, middle of last year, we said, "Okay, what we're going to do is we are going to be short some of these stupidly expensive tech shares with no.