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Alphabet Wins & Makes New Highs | OPEC Boosts Production

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Manage episode 505163980 series 17433
Content provided by JustOneLap.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by JustOneLap.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

🌍 Worldwide Markets – Episode 647 (9 Sept 2024)

This week on *Worldwide Markets*, Simon Brown dives into global markets, tech giants, crypto shifts, commodities, and currencies. Recorded a day early before heading to Leaderex, here’s what’s moving markets right now. Powered by Standard Bank and Shyft. 💳🌐

📊 US Jobs & Rate Cuts
  • US jobs report was a mixed bag → +22k jobs, but mostly in healthcare.
  • June revised downward to negative, July slightly up.
  • Unemployment steady at 4.3%.
  • Market expectation: Fed to cut rates next week after Jackson Hole signals.
  • SA MPC unlikely to cut as inflation edges higher at 3.5%.
🔍 Alphabet (Google) Court Cases

Alphabet gets a gentle slap on the wrist in antitrust cases. Remedies minimal → no spin-offs of Chrome/Android, search payments (Apple $20bn/year, Firefox $750m) remain. Stock ran to **all-time highs 🚀 (PE still below historical mean). Another case pending on ad dominance – possible spinoffs (YouTube, DoubleClick?) could unlock hidden value.

₿ AltVest → African Bitcoin Corporation
  • AltVest rebrands to African Bitcoin Corporation (ABC).
  • Pivot: becoming a Bitcoin treasury company like MicroStrategy.
  • Raising R11m at R11/share (vs. current ±R5). Proceeds to fund name change + Bitcoin buys.
  • Ambition: raise R210m (maybe even $210m?) in tranches.
  • Risky bet → doubling down on volatile BTC exposure. ⚡
🛢️ Oil & Sasol
  • OPEC+ to increase output ~200k barrels/day.
  • Saudi Arabia aims for market share → oil likely heading to $60.
  • Sasol still strong 💪 → potential run to R135–R140 before Simon trims profits.
💡 ASML & Mistral (AI)
  • Rumours: Dutch chip giant ASML investing \$1.5bn in French AI startup Mistral.
  • ASML has cash $8.5bn, but risks blurring lines by funding customers’ ecosystem.
  • Simon skeptical: “Picking AI winners this early is messy.”
📈 Bull Market Still Running

SA Top 40 at record highs (95k+). Possible push to 100k points this month. “This is still a bull market until it’s not.” 🐂🔥

🥇 Precious Metals
  • Gold → holding gains, bullish above \$3,450.
  • Platinum & Palladium → strong breakouts, holding support.
  • Silver → resilient above \$40.
  • Precious metals complex all looking firm. ✨
💵 Rand & Global Trade
  • Rand currently at R17.55, with potential to test R17.00 if US cuts rates.
  • Africa-China trade up 25% to $122bn → filling void left by US. 🇨🇳🤝🌍
🇺🇸 Trump’s Tariff Exemptions

Trump exempts; uranium, tungsten, graphite, gold, bullion from tariffs. Good news for SA resources sector.

🎙️ Final Thoughts
  • Markets remain bullish, metals are shining, oil likely weaker, and crypto experiments continue.
  • If you’re at Leaderex, come say hi 👋.
  • Powered by Standard Bank & Shyft – the global money app for payments, travel, and investing.

Simon Brown

* I hold ungeared positions.

All charts by KoyFin | Get 10% off your order

  continue reading

572 episodes

Artwork
iconShare
 
Manage episode 505163980 series 17433
Content provided by JustOneLap.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by JustOneLap.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

🌍 Worldwide Markets – Episode 647 (9 Sept 2024)

This week on *Worldwide Markets*, Simon Brown dives into global markets, tech giants, crypto shifts, commodities, and currencies. Recorded a day early before heading to Leaderex, here’s what’s moving markets right now. Powered by Standard Bank and Shyft. 💳🌐

📊 US Jobs & Rate Cuts
  • US jobs report was a mixed bag → +22k jobs, but mostly in healthcare.
  • June revised downward to negative, July slightly up.
  • Unemployment steady at 4.3%.
  • Market expectation: Fed to cut rates next week after Jackson Hole signals.
  • SA MPC unlikely to cut as inflation edges higher at 3.5%.
🔍 Alphabet (Google) Court Cases

Alphabet gets a gentle slap on the wrist in antitrust cases. Remedies minimal → no spin-offs of Chrome/Android, search payments (Apple $20bn/year, Firefox $750m) remain. Stock ran to **all-time highs 🚀 (PE still below historical mean). Another case pending on ad dominance – possible spinoffs (YouTube, DoubleClick?) could unlock hidden value.

₿ AltVest → African Bitcoin Corporation
  • AltVest rebrands to African Bitcoin Corporation (ABC).
  • Pivot: becoming a Bitcoin treasury company like MicroStrategy.
  • Raising R11m at R11/share (vs. current ±R5). Proceeds to fund name change + Bitcoin buys.
  • Ambition: raise R210m (maybe even $210m?) in tranches.
  • Risky bet → doubling down on volatile BTC exposure. ⚡
🛢️ Oil & Sasol
  • OPEC+ to increase output ~200k barrels/day.
  • Saudi Arabia aims for market share → oil likely heading to $60.
  • Sasol still strong 💪 → potential run to R135–R140 before Simon trims profits.
💡 ASML & Mistral (AI)
  • Rumours: Dutch chip giant ASML investing \$1.5bn in French AI startup Mistral.
  • ASML has cash $8.5bn, but risks blurring lines by funding customers’ ecosystem.
  • Simon skeptical: “Picking AI winners this early is messy.”
📈 Bull Market Still Running

SA Top 40 at record highs (95k+). Possible push to 100k points this month. “This is still a bull market until it’s not.” 🐂🔥

🥇 Precious Metals
  • Gold → holding gains, bullish above \$3,450.
  • Platinum & Palladium → strong breakouts, holding support.
  • Silver → resilient above \$40.
  • Precious metals complex all looking firm. ✨
💵 Rand & Global Trade
  • Rand currently at R17.55, with potential to test R17.00 if US cuts rates.
  • Africa-China trade up 25% to $122bn → filling void left by US. 🇨🇳🤝🌍
🇺🇸 Trump’s Tariff Exemptions

Trump exempts; uranium, tungsten, graphite, gold, bullion from tariffs. Good news for SA resources sector.

🎙️ Final Thoughts
  • Markets remain bullish, metals are shining, oil likely weaker, and crypto experiments continue.
  • If you’re at Leaderex, come say hi 👋.
  • Powered by Standard Bank & Shyft – the global money app for payments, travel, and investing.

Simon Brown

* I hold ungeared positions.

All charts by KoyFin | Get 10% off your order

  continue reading

572 episodes

All episodes

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