1-year FAANG returns
° Alphabet pic.twitter.com/VybsCoWDfh
— Simon Brown (@SimonPB) May 9, 2022
"Stagflation is most commonly referred to as the simultaneous experience of three separate negative economic phenomena: rising inflation, rising unemployment, and the declining demand for goods and services."
The best defence is generally commodities.
The world's oldest exchanges starting in India all the way through to Amsterdam.
Staring in Kimberly in 1881 through to the present Simon details the history of stock exchanges in South Africa.
20% interest rates, capital controls, no foreign selling on the Moscow Exchange, selling oil & gas in Roubles (maybe), reports of paying interest on debt with Roubles and of course traders in for a buck.
Brent almost back at US$120.
The end of an era! So says Tencent as revenue grows in single digits, the lowest quarterly number since listing back in 2004. Tencent’s declaration is resignation that any expansion will be cautious and controlled. Prosus down 8.2%, Naspers down 8.4%. Prices still look vulnerable
— David Shapiro (@davidshapiro61) March 23, 2022
China's state council has in one move just:
*Pledged to keep capital markets stable
*Vowed to support overseas stock listings
*Said dialogue with US re ADRs is 'good'
*Promised to handle risks for property developers
*Clarified regulation of Big Tech will end 'soon'
— Sofia Horta e Costa (@SofiaHCBBG) March 16, 2022
Tencent has been under pressure
Naspers and Prosus have been hit even harder
Live Prosus discount to net asset value (NAV) is now some 55% after hitting 60%.
VK (old mail.ru) has been written down to zero.
Generally unlisted is worth a lot less than stated?
Energy, PGMs and agriculture. Will central banks stick to their rate rising trend?
People want to buy the Russian ETF, why?
Even if peace happens today, sanctions will be in place for some time to come.
Local stocks impacted
The panellists were;
After a high of 349c a month ago it's now 261c.
Firstly it's more sellers than buyers.
The hype of the pandemic trading is fading and easy returns are fading. So less trading, slower new accounts (albeit reports that they still have great new account rates).
Vacation is wild.
I sold 35% of my holding at 315c-345c on the way up, this was because it simply became too large within my portfolio (was the biggest holding after buying at 50c less than 2 years ago). But I am happy to continue holding.
Now for the tenth year in a row, we kick off the new year with a predictions show.
Importantly we start each show with a review of the previous year’s predictions and you’ll find the 2021 predictions show here.
On the 20th September 2021 Chinese property developer missed interest payments on some US$300billion of debt and this spooked markets into a selloff. But three months later nobody cares. What's the background sorry and why does nobody care?
After clogging up the Suez Canal for six days back in March 2021 and halting much of the worlds shipping trade, what happened to Ever Given?
/ Strong year of returns globally, CAC40 (France) top index
/ US inflation, not transitory
/ US unemployment looking decent
/ China crackdown
/ Commodities mostly a soft year, the exception is oil
/ Supply chain chaos
/ Good year for local markets
/ Delisitng galore
/ US Labor Nov Nonfarm Payrolls +210K; Consensus +573K, unemployment improved to 4.2%. Fed's target for 'maximum employment' is for unemployment rate of 4.5%.
/ Didi leaving NYSE
/ Google will no longer require workers to return to the office on Jan. 10, delaying the return indefinitely.
/ Dorsey leaves Twitter
/ OPEC+ agrees to January production hikes
/ Implats comes for RBPlats
/ Capital Appreciation results
/ Tharisa results
/ Bidcorp updates
/ Murray & Roberts update