Market Indicators
- JSE All Share (ALSI) 67,464.69
- Rand/Euro R 17.61
- Rand/Pound R 20.85
- Rand/US Dollar R 15.23
- Rand/Aus Dollar R 11.46
The Forecaster’s Dilemma
Throughout history, forecasters have built a long and distinguished track record of not being able to predict major economic events. From the great depression in the 1920s to the COVID-19 drawdown in March 2020, one of the common themes among these significant economic downturns is that they caught investors by surprise. However, faced with such a dismal track record, forecasting still holds a lot of weight in the world of investment management. In this monthly commentary we assess why that is the case.
