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Market Commentary: February 2021
Global Market Themes: US bond yields spike amidst inflationary fears Rotation from tech stocks sends NASDAQ plummeting US Fed keeps dovish stance, Congress votes on stimulus bill Energy stocks post substantial gains SA Market Themes: South African unemployment at record highs Budget 2021 – few surprises, concern about further SOEs bailouts Limited progress in vaccine rollout sparks disillusionment South Africa returns to lockdown level 1, effective 1 March 2021
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