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

2026-07-18 10:36 • The Motley Fool Positive Axe Cap view: Selective

Fed Chair Kevin Warsh faces a no-win scenario as inflation has surged to 4.2% (a three-year high) due to Trump's policies including tariffs and military actions, while Trump simultaneously pressures the Fed to cut rates. Warsh must choose between raising rates to combat inflation (risking Trump's ire and potentially slowing the AI-driven market rally) or holding rates steady (appearing to capitulate to Trump and damaging the Fed's credibility).

Axe note: The Fed faces conflicting pressures that will ripple through USD/ZAR and SA financial stocks.

2026-07-18 10:20 • The Motley Fool Negative Axe Cap view: Selective

SpaceX's Starship Flight 13 test launch was scrubbed when four Raptor engines failed to ignite at liftoff. The company faces mounting pressure from a 2028 NASA deadline for lunar missions and competition from Blue Origin. SpaceX stock has declined 38% from its all-time high, with investors bracing for continued volatility as the company pursues further test flights.

Axe note: A failed Starship launch clouds SpaceX’s near-term outlook amid rising competition and tough deadlines.

2026-07-18 10:15 • The Motley Fool Positive Axe Cap view: Selective

Starbucks has reversed its fortunes in 2026 through CEO Brian Niccol's 'Back to Starbucks' turnaround plan, featuring improved staffing, faster service, and renewed focus on in-store experience, resulting in positive comparable sales and recovered morning traffic. Dutch Bros' stock has pulled back despite strong 30%+ revenue growth and aggressive expansion plans, representing a valuation reset rather than business deterioration. For the second half of 2026, Starbucks appears the steadier near-term investment with dividend income and international growth potential, while Dutch Bros offers higher long-term upside for patient investors willing to accept volatility.

Axe note: Starbucks' turnaround offers stability and dividends, while Dutch Bros' sharp pullback signals risk and opportunity for patient investors.