Investec Investec Focus Radio SA

Macro Monday ep102 | Are US consumers living beyond their means?

Loading player...
Standing in for Chris Holdsworth this week, investment strategist Osagyefo Mazwai looks at the latest US growth numbers. While GDP growth at a headline level looks robust, it reveals some concerns about personal income, which has been lagging expenditure. The US labour market has also been softening, so while the Federal Open Markets Committee is unlikely to cut this at its meeting this week, markets will nonetheless look for signs of further weakness in employment.
26 Jan English South Africa Business · Investing

Other recent episodes

Macro Monday Ep137: Mortgage market an orange light for the US economy

The US economy continues to grow, thanks to ongoing investment into AI, and despite federal government indebtedness and higher inflation because of rising fuel prices. One area where the strain is showing though, says Global Chief Investment Officer Chris Holdsworth, is in the housing market, where mortgage rates are climbing…
26 Oct 8 min

No Ordinary Wednesday: IMF 2026 | AI, debt and the global investment outlook

AI investment is supporting growth, but its wider benefits remain uneven. Where will global capital go next, and what will businesses pay to access it? In this special edition of No Ordinary Wednesday, Cumesh Moodliar, CEO of Investec South Africa, and Andrew Lillywhite, head of bank funding group at Investec…
19 Oct 26 min

Macro Monday Ep136: Tech sector weakens after US inflation report

The war in the Middle East continues to weigh on markets and the economy, with second round effects showing up in US inflation numbers, notes Investment Strategist at Investec Investment Management Osagyefo Mazwai. The tech sector was the biggest loser in the days following the US inflation print.
19 Oct 10 min

No Ordinary Wednesday: Inside Investec’s investment outlook

The global economy is proving resilient, and company earnings remain healthy. Even so, Investec’s Global Investment Strategy Group has maintained a risk score of zero, reflecting a measured approach to portfolio positioning. The findings are published in the quarterly Global Investment View. On No Ordinary Wednesday, Chris Holdsworth, Investec Investment…
13 Oct 17 min

Macro Monday Ep135: The two sides to the AI investment boom

The AI story has been great for investors so far, but it may be making the Fed feel uncomfortable. AI investment is helping to fuel growth and inflation, potentially forcing the Fed to maintain a tighter policy stance – even though, says Global Chief Investment Officer Chris Holdsworth, the sectors…
12 Oct 5 min
All episodes