JSE’s bull run to continue in 2022 despite US rate hikes, say analysts

Despite global stock markets getting off to a rocky start to 2022 as investors fretted about the prospects of multiple interest rate hikes in the US this year, analysts are counting on a long rally in commodity stocks to counter any pullback.

The all share index surged to a record high of just under 76,000 points on January 13, before pulling back a little since. Its advance since the beginning of 2021 now sits at 26.5%, while that of the top 40 is just shy of 26%. ..