Macro

Magic Markets Ep178: Collision Politics

2024-06-05T22:00:40+02:00

With South Africa entering a new era of politics, we will soon find out whether coalition politics actually look more like collision politics. Either way, "the market" matters and will continue to matter, punishing poor policy decisions and any related uncertainty. In this show, Mohammed Nalla and The Finance Ghost discuss concepts like GDP growth, bond yields, the rand and the situation on the ground for South African consumers.

Magic Markets Ep178: Collision Politics2024-06-05T22:00:40+02:00

Magic Markets Ep106: The Global View with Marko Papic

2022-12-15T00:17:30+02:00

If you’ve looked at your portfolio even once this year, you’ll know that 2022 has proven how vital a solid geopolitical analytical framework can be in generating returns. As the author of the book Geopolitical Alpha, Marko Papic is a global geopolitical expert and partner at Clocktower Group, who advises some of the largest pension funds and investors globally. As a friend of Moe's, we were able to twist his arm to share some of his views on global geopolitics and the risks and opportunities they currently present for investors. Having travelled to South Africa many times, Marko also has a [...]

Magic Markets Ep106: The Global View with Marko Papic2022-12-15T00:17:30+02:00

Magic Markets Ep93: Macro Markets Mayhem

2022-09-14T22:32:43+02:00

The US CPI print was slightly different to market expectations, though you would never say so based on the mayhem that ensued. The sell-off was brutal, hitting tech stocks the hardest. Risky assets (like the rand) also took a knock. In this episode, we discuss macroeconomic concepts not just around inflation in the US, but also around China and Europe. For bonus points, we also touch on South African companies that have exposure to Europe. Magic Markets is your invitation to be part of the dealing room conversations that are usually closed off from public ears. Join us and learn! [...]

Magic Markets Ep93: Macro Markets Mayhem2022-09-14T22:32:43+02:00

Magic Markets Ep85: US Earnings Season – July ’22

2022-07-20T23:24:33+02:00

It’s just the two of us on Episode 85, which gave us a great opportunity to talk about all kinds of things, really. We started off with macroeconomics because there’s just so much going on in that space. Inflation, interest rates and even copper are top of mind for traders and investors alike. This led us into a discussion about banking regulation and how capital is being sucked out of the system by putting higher equity capital requirements on banks like JPMorgan Chase & Co. We talked about capital buffers and the impact they have on risk and returns. We also [...]

Magic Markets Ep85: US Earnings Season – July ’222022-07-20T23:24:33+02:00

Magic Markets Ep61: The Fed flip-flop

2022-02-03T01:04:57+02:00

Stock-picking is a fun game that we all like to play. Here’s the thing: if you don’t keep an eye on the macro environment, then you don’t know which stream your stock fish are swimming in and how strong the current is. No matter where in the world you invest, your performance will be impacted by the decisions made by the Fed in the US. Make no mistake, the Fed is always topical. In 2022, the Fed is more than just topical; it is dominating the narrative. The yield curve has a material impact on equity performance, especially in the tech [...]

Magic Markets Ep61: The Fed flip-flop2022-02-03T01:04:57+02:00

Magic Markets Ep51: Foreign Investment in SA

2021-11-18T03:49:01+02:00

Natale Labia is a South African living in Italy (Milan, to be exact) and so he brings a European perspective to the show. As an ex-South African banker, Natale is familiar with our market. He applies that expertise in his role as a partner at Lionhead Capital, where he is Head of Macro Strategy and Economics. You can read more about Natale's background at this link. Some listeners may recognise his name from his regular contributions to Daily Maverick, a publication which Magic Markets co-host The Finance Ghost also contributes to on a weekly basis. In this show, we discussed a macro [...]

Magic Markets Ep51: Foreign Investment in SA2021-11-18T03:49:01+02:00
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