Bitcoin Fails at $100k & Hello Boxer (#612)

JSE Direct with Simon Brown

Boxer IPO Hits the Market

• Boxer* (JSE code will be BOX) lists on 28 November, debuting at R54/share after a highly oversubscribed IPO.
• Strategies discussed for trading or investing in Boxer shares, including buying through Pick n Pay shares.
• Key takeaway: Patience is key; wait for potential pullbacks.

Two-Pot Retirement Savings and Market Impact

• Early evidence of consumer spending from the two-pot retirement system.
• Stocks like Mr. Price*, Pepkor, and Keith McLachlan’s picks (e.g., Afrimat, Netcare) reviewed as beneficiaries.

Satrix 40 ETF Turns 24

• Launched in 2000, the Satrix 40 has delivered an annualized return of 11.3%.
• Impact: Introduced passive investing and slashed fees for South African investors.

Bitcoin's Psychological Barrier at $100,000

• Bitcoin fell short of the $100K milestone, retracing to around $93K.
• Analysis of big psychological levels in markets and what this means for Bitcoin's momentum.

Bitcoin | Weekly | 27 November 2024

Anglo-Platinum Share Sale

• Anglo-American reduces its stake in Anglo-Platinum, selling at cycle lows.
• Discussion on PGM market challenges and future outlook.

Trump’s Proposed Tariffs

• Announced 10% tariffs on all Chinese imports and 25% on goods from Mexico and Canada.
• Potential economic implications and geopolitical fallout analysed.

Rand, DXY, and Gold

• The Rand holds surprisingly well despite DXY strength; predictions for 2024 suggest potential recovery.
• Gold price fluctuations and long-term bullish outlook.

US$ Index (DXY) | Weekly | 27 November 2024

Commodity Spotlight: Coffee and Cocoa

• Coffee prices hit 20-year highs due to Brazilian droughts, impacting consumer costs.
• Cocoa prices stabilise after a surge, with Nestlé and soft commodity ETFs in focus.

Super Group and SG Fleet Deal

• SG Fleet receives a buyout offer, boosting share prices.
• Opportunities in second-tier stocks like Invicta and Hudaco highlighted for a potentially improving economic environment.

MPC Update

• South African Reserve Bank increases rates by 0.25%, citing risks from core inflation and external pressures.

Simon Brown

* I hold ungeared positions.

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00:00 Market Overview and Boxer IPO Insights 03:08 Two-Pot Money and Consumer Spending Trends 06:03 Satrix 40: A 24-Year Retrospective 08:51 Bitcoin's Psychological Barriers and Market Sentiment 11:40 Anglo-American's Strategic Moves and Market Reactions 14:58 Commodity Prices: Coffee and Cocoa Trends 17:49 Monetary Policy Committee Decisions and Economic Outlook

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