Episode Abstract: Simon Brown dives into the week’s greatest monetary and financial tales, protecting Trump’s election win, Nvidia’s inclusion within the Dow, price cuts anticipated from the FOMC and BOE, and the newest updates on Murray & Roberts, palladium, and gold. Recorded after market open, this episode sheds mild on key trades, tendencies, and the shifting international panorama.
Trump’s Victory – What’s the Commerce?
- Trump’s presidential win sparks market reactions, with fast rallies within the S&P, Nasdaq, and Bitcoin.
- Simon discusses potential coverage impacts, corresponding to tariffs, know-how restrictions on China, and implications for commodities, oil, and the South African economic system.
- Notes on the uncertainty of Trump’s insurance policies and their potential results on inflation, EVs, and cryptocurrency.
Nvidia within the Dow; Intel Out
- Nvidia enters the Dow Jones, changing Intel. Simon critiques the Dow’s price-based index system however acknowledges Nvidia’s inventory efficiency, fuelled by sturdy demand from main tech corporations.
- Dialogue on how Nvidia’s AI {hardware} demand might form future inventory beneficial properties.
Nvidia | Weekly chart | Shut 06 Nov 24
Murray & Roberts Replace
- Murray & Roberts faces venture downscaling from De Beers, revealing challenges tied to low diamond demand.
- Simon examines the ripple results throughout the mining and building sectors, highlighting how competitor information can present insights.
Palladium & Gold Tendencies
- Palladium and gold face downward stress; Simon explores causes for the dips, together with potential G7 sanctions on Russian palladium.
- Simon highlights that gold’s long-term attraction stays sturdy, pushed by central banks diversifying away from U.S. {dollars} into gold.
Gold | Weekly chart | 07 Nov 24
Financial institution Fee Cuts – FOMC & BOE
- Fee cuts anticipated from the FOMC and Financial institution of England as central banks shift to a rate-cutting cycle. Insights on the potential impression on international markets and forex dynamics.
ASML and AI {Hardware} Market
- ASML’s ahead steerage disappoints, affecting semiconductor market outlook. Simon explains the distinctive place of ASML within the AI chip provide chain and its long-term worth as a buy-the-dip candidate.
CrowdStrike Resurgence
- CrowdStrike’s restoration following a Microsoft replace situation and Delta lawsuit. Simon assesses the inventory’s development potential within the cybersecurity area.
Listener Takeaway: Markets stay unpredictable however resilient, with international relations, tech insurance policies, and central financial institution methods driving shifts. Simon emphasises knowledgeable buying and selling and the lengthy view in these unsure instances.
* I maintain ungeared positions.
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Disclaimers: The JSE Direct podcast is impartial of JSE Restricted and displays Simon Brown’s views, not essentially these of the JSE. All the time contemplate dangers when investing.
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JSE Direct is an impartial broadcast and isn’t endorsed or affiliated with, nor has it been authorised, or in any other case authorized by JSE Restricted. The views expressed on this programme are solely these of the presenter, and don’t essentially mirror the views of JSE Restricted.
