been tracking the rand weakness against majors and how that's been lifting the big cap exporters on the ind…by @thuli_dd on $JALSH

been tracking the rand weakness against majors and how that's been lifting the big cap exporters on the index. thing is, if the fed keeps rates higher for longer, emerging markets like ours don't really have much of a tailwind. looking at the earnings revisions coming through though, some of the resource stocks are actually holding up better than expected given the commodity environment. my reading of this is the all share probably finds support around 80k but we need to see if domestic demand can pick up without the rand getting absolutely hammered.