Clear market notes built around the JSE, the rand, and what matters locally.

2026-10-13 18:45 • The Motley Fool Positive Axe Cap view: Selective

Rising bond yields (10-year Treasury yield climbed to 5.24% from 4.03% over the past year) could potentially trigger a recession by increasing borrowing costs for consumers and businesses. However, the article argues that current yields remain below their 50-year average and historical data shows the S&P 500 has recovered from every recession. Long-term investors should stay invested rather than panic, as the market has delivered average annual returns of 9.98% over the past 98 years.

Axe note: History shows recessions triggered by higher bond yields reward patience, not panic.

2026-10-13 18:30 • The Motley Fool Positive Axe Cap view: Selective

The S&P 500 bull market has entered its fifth year. Historical analysis shows that 5 of 6 bull markets lasting at least four years since 1957 reached their fifth birthdays, suggesting the current rally could continue. While rising interest rates and AI stock valuations pose potential headwinds, strong earnings growth expectations (27% annually over 5 years), reasonable valuations (forward P/E of 19.1), and potential for broader market participation support further upside.

Axe note: The S&P 500 bull run has beaten the odds so far; what does this mean for South African investors watching from the rand side?

2026-10-13 18:27 • The Motley Fool Positive Axe Cap view: Selective

Micron is positioning itself to reduce cyclicality through long-term customer agreements and new production facilities coming online in 2027-2028. With AI data center spending projected to triple by 2030 and Micron trading at only 5.6x forward earnings, the article suggests a $2,500 investment could grow to $12,500 by 2030 if projections materialize.

Axe note: Micron’s push into AI memory chips and new fabs could reshape its growth profile by 2030.