After factoring the KE events I'm downgrading the insurance play. This sector will take a knock. Worse for those covering political risk. Kenya RE wil definitely take most of the knock down with jkia event still fresh. As for KES, eurobond is now key, but I expect weakness towards 90. This also depends on how much dent the NSE will take...
Definitely 5000 is off the table this year.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!