Markets are spooked (#478)
01/27/22 • 20 min
Simon Shares
- PGMs are on the move, most notably palladium and rhodium.
- Oil also still moving, remember the ETN for that.
- Cashbuild (JSE code: CSB) update shows the pandemic home improvement boom is over.
- ArcelorMittal South Africa (JSE code: ACL) update sees them into profit and on a PE of under 2x.
- Steinhoff (JSE code: SNH) settlement approved, but still lots of debt.
- Lots to be spooked by;
- FOMC, it's all happening in March
- Asset purchases are also to end in March, but what of the US$9trillion of bonds the Fed holds?
- Valuations are high.
- Rates are rising.
- Inflation is at decade highs.
- Value winning over growth for the first time in an age.
Simon Shares
- PGMs are on the move, most notably palladium and rhodium.
- Oil also still moving, remember the ETN for that.
- Cashbuild (JSE code: CSB) update shows the pandemic home improvement boom is over.
- ArcelorMittal South Africa (JSE code: ACL) update sees them into profit and on a PE of under 2x.
- Steinhoff (JSE code: SNH) settlement approved, but still lots of debt.
- Lots to be spooked by;
- FOMC, it's all happening in March
- Asset purchases are also to end in March, but what of the US$9trillion of bonds the Fed holds?
- Valuations are high.
- Rates are rising.
- Inflation is at decade highs.
- Value winning over growth for the first time in an age.
Previous Episode
Changes are coming (#477)
Simon Shares
- BHP Group* (JSE code: BHP) is unifying its dual-listed company (DLC) corporate structure effective close 28 January. This will count as a CGT event for shareholders who will have been deemed to have sold their shares and bought the new ones.
- Microsoft (Nasdaq code: MSFT) is buying Activision-Blizzard for $69 billion, but who's the largest gaming company in the world? Tencent (Hong Kong code: 700).
- German 10-year back above 0%.
- [caption id="attachment_31941" align="aligncenter" width="888"] German 10-year yield[/caption]
- Oil at 7-year highs. There's an ETN for that.
Next Episode
ARK Big Ideas report 2022 (#479)
Simon Shares
- PGMs are on the move, most notably palladium and rhodium. But the miners are not.
- Combined Motor Holdings* (JSE code: CMH) strong trading update.
- MTN (JSE code: MTN) vs. Vodacom (JSE code: VOD) updates. Who's winning?
- Strong Astral (JSE code: ARL) update, but for the half ending March - so off low base.
- Ascendis (JSE code: ASC) looking to sell three businesses, but that won't leave much behind.
- OPEC+ agrees to a 400k barrel/day increase from March, this was the initial plan from last year.
- The local CPI basket is changing.
- Satrix is listing an India ETF, currently in IPO.
- The local prime interest rate increased 0.25% last week. This adds R152 per R1million of a bond. Not a lot, but this is the second one already and we have many more coming.
- The ARK Innovation ETF (NYSE code: ARKK) has had a tough year and at a point, in January, it was behind the Nasdaq over the life of the fund and it is trailing the Nasdaq over one and three years. That all said, they publish all their research and released their Big Ideas 2022 report which is well worth the read.
- 9 February ~ Wealth Creation through Trading and Investing with ThinkMarkets
- 17 February ~ JSE Power Hour: Tax-free investing
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