THE last six months have been a rollercoaster ride for global and local equity markets
After a good November, the local market was shaken by Steinhoff’s accounting scandal early December 2017. This was followed by numerous reports by Viceroy Research causing several shares to significantly drop in value.
The rockiest U.S. stock market in two years will meet a major test in the coming weeks as first-quarter earnings pour in, with expectations that tax cuts will help Corporate America show its biggest quarterly profit growth in seven years. Any disappointments could further upset the fragile market.
Wall Street stocks finished a volatile session solidly higher on Tuesday, recovering some of the prior day's losses on strong gains by Tesla, Amazon and other tech companies.
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