Old traders, bold traders, but no old and bold traders (#560)

JSE Direct with Simon Brown

There are bold traders. here are old traders. There are no bold and old traders.Bold traders

What is a bold trader and why do they die out?

• Wild swings for the fence No position size management Stop loss for losers Enter outside of system and process

Simon Shares

• Famous Brands (JSE code: FBR) trading update, Spur (JSE code: SUR) really has taken the mantel of best QSR/restaurant business on the JSE.

• Very strong US jobs and upward revisions from previous month. But wage inflation only 0.2%. So market was confused but ended happy. Tuesday also saw US 10-year yields moving lower which excited everybody. But I am sceptical, this is only one data point and I think the FOMC hikes at their 31 Oct/01 Nov FOMC meeting.

• Water crisis. This is going to hurt and it not going away any tine soon. Which businesses get hurt most?

• We found a US government bond ETF paying monthly.