Agreed!

Cause for the divergence between the US job openings and the performance of the S&P500? Artificial intelligence!

Nice take on which companies may benefit if we see continued inflows by foreign investors. Offshore more than likely will use ETFs/index funds to gain exposure to SA, benefiting the large caps. Small and mid caps is a local game.

There are 8 shares in the JSE ALSI that are trading below a 7x forward P/E ratio and a 7% forward implied dividend yield: Nedbank $JSENED Oceana $JSEOCE Burstone $JSEBTN British American Tobacco $JSEBTI African Rainbow Minerals $JSEARI ABSA $JSEABG Exxaro $JSEEXX Sasol $JSESOL

And we called Impala $JSEIMP the winner after it "won" the bidding war with Northam Platinum $JSENPH over RBPlats. So far, the acquisition has been tough!

We don't get many of these, but what a day to be long resources!

The FTSE/JSE All Share Index made another all time high today on the continued optimism we experienced yesterday. Overall, the market seems happy with USDZAR trending lower as well (currently 18.36) “From a technical perspective, USD/ZAR has remained below the key 100-day

Chart of the 5-year performance between Impala $JSEIMP and the Global PGM Basket Price in ZAR terms: Basket price looks pretty stagnant from the second half of 2023. Interesting to see how IMP's share price has moved relative to the basket.

SA 🇿🇦 Fintwit today:

Maersk expects some delays due to the extreme weather conditions down here in Cape Town and Port Elizabeth. The worst impact is expected in PE and delays should be over the next few days. Can only imagine others are struggling as well. Your Temu package may take a bit longer!

How we doing in Cape Town with this weather?

Anglo American $JSEAGL prepares its $5 billion sale of Queensland coal mines. The $5 billion valuation is based on sell-side analysts consensus estimates (Bank of America highest at $6.19 billion). Prefer to sell the entire portfolio to one buyer. Unlike Thungela $JSETGA,

Apparently there was an earthquake? Good news: No Tsunami threat to countries in the Indian Ocean from the earthquake. The Indian Tsunami Early Warning Centre detected the 6.5 magnitude quake at a depth of 10 kilometers at about 6:55am South African time.

Looks like Tharisa $JSETHA will trade roughly 3.5% on the open (when it eventually trades) thanks to their strong production update. PGM basket up and Chrome price holding strong. Not a bad place to be net cash when everyone else is struggling.

Traders now pricing in a 20% chance of a 0.25% interest rate cut for the SARB's July meeting based on forward rate agreements. Deutsche Bank: “The door for a July cut has opened up on the back of weaker-than-expected growth data and gradually falling inflation pressure,” “That

FTSE/JSE ALSI relatively muted at -0.22% but the sectors were quite split. Healthcare sector the biggest loser today even when considering Netcare's $JSENTC dividend. Resources holding its ground with Precious Metals up the most.

Been quite chuffed with the recent performance of AngloGold $JSEANG but looking at the 1 year chart it is still lagging the sector's top two counters. Those holding Harmony $JSEHAR and Pan African Resources $JSEPAN over the last year must be ecstatic! 1 year performance: