Magic Markets
The Finance Ghost and Moe-Knows discuss key market trends across stocks, currencies, fixed income, commodities, macroeconomics and geopolitical trends, helping you understand what's going on out there.
Episodes
Magic Markets #295: Aylett & Co. on Bidcorp
Justin Ritchie of Aylett & Co. believes that Bidcorp could be the best, most boring business they have in their portfolios. Joined by analyst Jan Nel, the duo bring the investment case for Bidcorp to this episode of Magic Markets.
With a worked example of what the company actually does, this podcast will help you understand much more about a company
Magic Markets #294: Q3 Market Scorecard – Cry, the Beloved Consumer
As the third quarter draws to a close, Mohammed Nalla looks beyond the headline market returns to unpack what was really driving performance across global markets. While major equity indices ended the quarter near record highs, the underlying picture was far more complex. From surging oil prices and sharply higher bond yields to increasingly narrow mark
Magic Markets #293: The Cost of Living - When Data Doesn't Match the Mood
Moe explores the growing disconnect between economic data and consumer sentiment, focusing on the possibility of a US no-landing scenario. With business activity accelerating, employment remaining resilient and retail sales still growing strongly, the macroeconomic picture appears surprisingly healthy. Yet beneath the surface, consumers are feeling incr
Magic Markets #292: Commodities are booming - is South Africa?
This week, Mohammed Nalla shares insights from a recent conference in Quebec on whether we're entering a commodities super-cycle and how Canada could benefit. With electrification, defence spending and years of underinvestment in mining capacity driving demand, Moe explains why Canada and Australia may be better positioned than South Africa to capture l
Magic Markets #291: Oil above $100 - and why Sasol isn't just a Brent Crude trade
This week, Moe takes us beyond the headlines of oil’s surge back above $100 a barrel, unpacking the structural issues that could keep energy markets volatile long after the immediate spike fades. From disrupted pipelines and refining bottlenecks to depleted inventories and the uncertain role of Chinese demand, Moe explains why supply capacity and availa
Magic Markets #290: Storm Front - Winners and Losers in an El Niño World
This week, Mohammed Nalla explores El Niño, the climate phenomenon that can have a surprisingly powerful effect on economies and markets. With forecasts pointing to a strengthening event, Moe unpacks the impact on inflation, growth and food security, explaining why countries like South Africa, India and Australia tend to face headwinds while others, inc
Magic Markets #289: Jackson Hole and CrowdStrike's Explosive Growth
This week, Mohammed Nalla unpacks the key takeaways from Jackson Hole, where new Fed Chair Kevin Warsh reminded markets that “down is not the same as done” when it comes to inflation. With PCE inflation still running well above target and labour markets showing resilience, the Fed’s hawkish tone recalibrated expectations for a September hike and reinfor
Magic Markets #288: Treasury Troubles and Walmart Wobbles
Mohammed Nalla unpacks the US Treasury's decision to increase buybacks at the long end of the bond market, explaining why soaring long-term yields matter for everything from mortgages and property valuations to equity markets. He also explores why this intervention may ease pressure temporarily, without addressing the deeper issues of inflation, deficit
Magic Markets #287: From Warsh to Woolies - the inflation stories worth watching
Federal Reserve Chair Kevin Warsh faces a tricky backdrop of cooling inflation, a softer labour market and growing speculation around the Fed's next move. Mohammed Nalla breaks down the latest US inflation data and what it could mean for global markets.
The conversation then shifts to South Africa, where The Finance Ghost explores how inflation is affec
Magic Markets #286: Banks, Bancassurance and Balancing Exposure
This week, we're diving into the banking sector, from the investment banking giants of Wall Street to the retail and commercial banking powerhouses of South Africa.
Mohammed Nalla takes us on a global tour of the sector, unpacking strong results from US banks, the surprising resilience of European lenders and why Canadian banks continue to quietly outpe
Magic Markets #285: Leopold, Leverage and Losses
Leopold Aschenbrenner was widely seen as one of the brightest minds riding the AI wave, building Situational Awareness into a hedge fund that reportedly managed around $45 billion at its peak. Then, almost overnight, the story changed. A sharp reversal in AI-linked stocks, combined with aggressive leverage and poorly timed short positions, triggered a s
Magic Markets #284: Cashbuild, Mr Price and Consumer Fragility
South African consumers have spent the past few years battling higher interest rates, rising administered prices and persistent pressure on household budgets. Although the South African Reserve Bank surprised many by keeping rates on hold at its latest meeting, the accompanying message was far from dovish.
In this episode of Magic Markets, Mohammed Nall
Magic Markets #283: Saying Yes to Yield - Exploring Property Markets
Property is a unique asset class that sits somewhere between equities and bonds, offering investors a combination of income, growth and exposure to macroeconomic trends.
It is also highly sensitive to interest rates, inflation expectations and capital market conditions, making it one of the most fascinating sectors to follow.
In this episode of Magic Ma
Magic Markets #282: Checking In - Global Tourism Stocks
Tourism is one of the most important sectors in the global economy, generating employment, driving consumer spending and creating opportunities across a wide range of businesses. For investors, however, it's also a highly cyclical space where consumer confidence, economic conditions and geopolitical uncertainty can have a significant impact on performan
Magic Markets #281: Market Scorecard - Q2 Global Review, YTD JSE Winners & Losers
The second quarter of 2026 is in the books, and it was anything but boring. In this episode of Magic Markets, The Finance Ghost and Mohamed Nalla take stock of a remarkable quarter for global markets, from the AI-fuelled surge in semiconductor stocks to the surprising outperformance of South Korea and the continued struggles in China.
Moe unpacks the ke
Magic Markets #280: Portfolio Housekeeping - New Positions and Hard Lessons
This week on Magic Markets, we're opening up the portfolios and discussing some of our most recent investment decisions. From beaten-down SA Inc. names to Chinese tech, Latin American fintech and Canadian financials, we explain what we've been buying, what we've been trimming and the investment theses behind those moves.
The Finance Ghost unpacks recent
Magic Markets #279: The Fed - Pricing the World
The Fed doesn’t just set US interest rates - it effectively sets the price of money for the entire world.
In this episode, we unpack why that matters, from how US Treasury yields anchor global valuations to the way a stronger dollar filters into emerging markets like South Africa. If you’ve ever wondered why local interest rates, the rand, and equity ma
Magic Markets #278: Aylett & Co. on Alcohol Stocks
Aylett & Co. returns to Magic Markets for a deep dive into one of the more debated sectors in global markets: alcohol.
Justin Ritchie and Ryann Dean unpack the big question facing investors: is the recent weakness in alcohol stocks structural, or simply cyclical? From the COVID-era demand surge and subsequent hangover to shifting consumption pattern
Magic Markets #277: Pretty Ugly - lululemon and Ulta Beauty
In Episode 277 of Magic Markets, The Finance Ghost and Mohammed Nalla tackle the theme of “bad things happening to good brands” - with lululemon and Ulta Beauty under the microscope.
From margin compression to weakening brand heat, lululemon’s fall from pandemic darling to turnaround case is unpacked in detail. The duo explore how a still-respected bran
Magic Markets #276: SARB Rate Hate - Justified or Misplaced?
In this episode of Magic Markets, The Finance Ghost and Mohammed Nalla unpack the uncomfortable reality facing South African consumers: soaring petrol prices, rising inflation, and a SARB rate hike that many would rather not see.
But is the central bank really swinging a blunt hammer at the wrong nail, or is there a deeper strategy at play?
The discussi
Magic Markets #275: Platform Power - Prosus and the SaaS Shakeout
In this episode of Magic Markets, we unpack the concept of platform economics through a practical lens, using real examples from our portfolios like Uber and Prosus.
What separates a true platform from a business that simply claims the label? The discussion dives into the power of network effects, operating leverage and data-driven ecosystems. These ele
Magic Markets #274: Why Bond Yields Matter So Much
Bond yields are back in the spotlight, and they’re moving markets in ways that investors can’t afford to ignore.
In this episode of Magic Markets, The Finance Ghost and Mohammed Nalla unpack what’s really driving the recent rise in US bond yields, from inflation expectations and oil prices to fiscal risks and global growth dynamics. More importantly, th
Magic Markets #273: Beyond NVIDIA - Mapping the AI Investment Stack
The AI trade is evolving fast - and Nvidia is no longer the whole story. In this episode of Magic Markets, we unpack how the market is shifting beyond the obvious winner and into the broader AI investment stack, from memory and CPUs to foundries and infrastructure.
We explore what’s really driving the explosive moves in names like Micron, AMD and Intel,
Magic Markets #272: REIT Returns and Red Flags
With South Africa finally emerging from its April “December-lite”, the hosts dive into property - an asset class that looks simple on the surface (yield + hard assets), but quickly reveals layers of complexity.
From the appeal of listed property versus buy‑to‑let, to the reality that REITs are still equities (with all the balance sheet and management ri
Magic Markets #271: Record Highs, Uneven Returns
In this episode, The Finance Ghost and Mohammed Nalla unpack why US equity markets are refusing to take a break.
With the S&P 500 at all‑time highs despite geopolitical risk and rising energy prices, the conversation turns to what’s really driving returns, and why index‑level strength is masking extreme divergence beneath the surface. The rally is n
Magic Markets #270: Holding Through Highs and Lows
In this episode of Magic Markets, Ghost and Moe balance life’s milestones with market realities. Fresh off Ghost’s wedding celebrations, the duo dive into the resilience required both in personal life and in investing. They explore the discipline of long-term holding, the lessons learned from winners and losers, and how conviction shapes portfolio decis
Magic Markets #269: SaaSpocalypse - Surviving the Shock
AI is eating software, with the market response being nothing short of brutal. The once-loved Software-as-a-Service (SaaS) stocks have been crushed, with valuation multiples back to levels seen during the Global Financial Crisis.
Is the golden age of SaaS over? Has the market perhaps overreacted to the risks?
From Adobe and Salesforce to Microsoft, Alph
Magic Markets #268: No One Brakes in Cairo - Except the Central Bank
Fresh off a honeymoon in Egypt, The Finance Ghost brings on‑the‑ground perspective to one of Africa’s largest and most misunderstood economies. From Cairo’s adrenaline‑fuelled traffic to the sheer scale of Egypt’s population, this episode blends travel observations with hard macro reality - mid-level GDP per capita, inflation in double digits, and a cen
Magic Markets #267: Oil and Toil - a Bruising Q1
The first quarter of 2026 was a reality check for global markets. If you had oil, you made money. If you had almost anything else, you didn't.
With pressure across asset classes, this was a risk-off quarter thanks to the conflict in Iran. Defensive (and defence!) stocks were a decent place to hide, while riskier assets (including AI names) suffered sub
Magic Markets #266: Dire Straits of Hormuz
Four weeks into the war in Iran, the numbers tell a stark story around the risks for equity plays in regions like the UAE. Dubai-listed property and bank stocks have tumbled, while the government bears the burden of owning leading hotel and airline groups.
With the Straits of Hormuz as a daily topic, Mohammed Nalla and The Finance Ghost discuss the ways
Magic Markets #265: Iran and JSE Earnings Season Themes
From a macro perspective, the ongoing conflict in Iran has dished up some important movies in currencies, bonds, commodities and inflation expectations. Mohammed Nalla takes us through what we've learnt in the past few weeks - and not just about oil.
In South Africa, earnings season on the JSE has put the spotlight on certain sectors and themes. With re
Magic Markets #264: Portfolio Positioning for the AI Epoch (with David Eborall of SaltLight Capital)
With lightning-fast developments in AI on everyone's lips, figuring out where to play in this value chain is no mean feat. Will the hyperscalers achieve return on investment, or is it better to sit as far back in the chain as possible, targeting names like NVIDIA rather than Microsoft or Alphabet?
Is this just a fad, or are we in an "AI epoch" that wil
Magic Markets #263: The Oil Trade
With the conflict in Iran still fresh in the market at time of recording, we decided to talk about the commodity that everyone is looking at: oil. And for South African investors, that means that Sasol comes up as well.
Mohammed Nalla tends to be an oil bull, while The Finance Ghost is only really interested in putting the downstream products in his car
Magic Markets #262: Free Cash Flow - Friend or Foe? (with Dagon Sachs of Aylett & Co.)
What’s the vital difference between a management team that creates value and one that destroys it? Is the concept of a "capital-light business" always positive? And what about management alignment and incentives?
This episode is the first in a new series - The Finance Ghost and Mohammed Nalla are bringing you some of South Africa’s best boutique fund ma
Magic Markets #261: The AI Effect on Free Cash Flow
2026 has seen US tech giants throwing enough capex at AI infrastructure to fund a small country. Amazon has guided capex that is roughly half of South Africa's entire GDP!
But with fracture lines appearing in the AI landscape, is the ROI really justifiable? And if not, will Big Tech even feel it, or will someone else be left to foot the bill?
In this ep
Magic Markets #260: Grocery Giants and the Value Retail Rotation
While the world’s athletes compete for Winter Olympic Gold, Walmart has secured a podium finish of its own – becoming the first retailer to skate past the $1 trillion market cap milestone. But is this value retail rally a high-speed slalom to success or a slippery slope?
In this episode of Magic Markets, The Finance Ghost and Mohammed Nalla unpack why U
Magic Markets #259: Gold, Volatility and Asymmetrical Payoffs
Can one hawkish Fed Chair nomination melt a golden bull’s wings? In this episode of Magic Markets, The Finance Ghost and Moe-Knows look at volatility, market overreactions, and how to hunt for asymmetry responsibly.
On the macro side, Moe examines the recent gold price oscillations and explains why gold might be circling the rim of the ‘speculative’ buc
Magic Markets #258: Stock Picking in Emerging Markets
In a week where the gold price soared to new heights and the rand flexed impressively against the dollar, The Finance Ghost and Moe-Knows have turned their focus to the high-stakes world of emerging markets. But as global indicators flash green, is it as simple as buying the $EEM?
In this episode, Moe breaks down the macro recipe for a sustainable emerg
Magic Markets #257: Investing in Copper with Mesh.Trade
While global superpowers eye new territories for mineral wealth and the likes of Glencore and Rio Tinto dance around a potential merger, investors are looking at the most versatile commodity around in 2026: copper. This critical transition metal has captured the imagination of corporate advisors and retail investors alike.
In this episode of Magic Marke
Magic Markets #256: Geopolitics and Banana Republics
The world order is shifting – the US is playing a global-scale game of Risk, the rand is getting stronger, and AI can’t count its ABCs. Amidst the chaos, it’s hard to know which market indicators to listen to.
In this episode of Magic Markets, The Finance Ghost and Moe-Knows dive deep into why US Treasury yields aren't necessarily the best indicator of
Magic Markets #255: Setting the Scene for 2026
With a new calendar on the wall, there's a lot to consider this year. The world doesn’t behave the same way that our calendars do, with the themes and risks of 2025 bleeding into 2026.
Aside from the obvious (like AI), what can we learn from some of the best-performing sectors in the final quarter of 2025 and over the past 12 months? What regional outlo
Magic Markets #254: 2025 Scorecard – The Good, The Bad and The Macro
In the final Magic Markets show of 2025, we looked back on a watershed year for geopolitics and the technology sector. With Moe focusing on the macro story and the performance of the various global asset classes, our resident ghost took a bottom-up approach and highlighted the performance of certain stocks in the portfolio.
From US banks through to ener
Magic Markets #253: General M&A and Netflix - Warner Bros. Discovery
With news breaking of Netflix joining the bidding war for Warner Bros. Discovery and looking to potentially make a huge cash offer to get their hands on the studios, this was a good opportunity to look back at the streaming wars that we've recently covered. It also gave us the perfect opportunity to discuss general M&A concepts, especially the risks
Magic Markets #252: G20 and AI Temperature Check
With the G20 in the rearview mirror in South Africa, we took the opportunity to discuss Moe's views on the geopolitical shenanigans from a North American perspective (for the benefit of new listeners: he has lived in Canada for several years).
We also talked about the other big theme at the moment: AI and technology stocks, particularly in light of some
Magic Markets #251: How Sports Brands Win (And Lose)
On Holding might have an awkward name, but the company counts Roger Federer among its early investors and biggest endorsements. Thanks to Nike's missteps during the pandemic, ON was able to win market share in core categories like running and tennis shoes. Once that foundation is established, the opportunity is there to expand into apparel.
With On Hold
Magic Markets #250: Specialty Retail - When Niche Works Nicely
Specialty retail is a fascinating sector on the global stage. It includes companies like Dick's Sporting Goods and Build-A-Bear, with the latter being our latest research topic in Magic Markets Premium. But what is it about these retailers that makes them both interesting and risky?
And in South Africa, what is the lay of the land with specialty retaile
Magic Markets #249: How Westbrooke Deploys Capital
When it comes to understanding the Westbrooke investment philosophy and approach, there's no better way to do it than through looking at deal case studies and seeing examples of exactly how the team deploys client capital into alternative assets.
To walk us through examples of recent property deals in the UK, James Lightbody (Head of Real Estate at West
Magic Markets #248: Stream Wars
The content and distribution game is a hotbed of competition, with leading lights like Netflix, Disney and of course YouTube within the Alphabet (Google) stable. There are many others trying to get a piece of the action, like Amazon and Apple. And of course, there are the legacy names in entertainment that are desperately trying to cling to market share
Magic Markets #247: Investing in Property with Mesh.Trade and 27four
Property is a vibrant asset class in South Africa. From convenience retail centres through to mixed-use developments, property is a popular way to earn yield and achieve real returns in excess of inflation.
27four Investment Managers has partnered with Mesh.Trade to bring private property investment opportunities to a retail investor audience. There are
Magic Markets #246: To Hedge or Live on the Edge?
There's a lot of nervousness out there at the moment around global asset prices, leading to discussions around whether the top is in. Naturally, this drives investors and traders to think about hedging strategies to mitigate the impact of a correction - or worse, a crash.
In this episode, we discussed why hedging is used as a strategy instead of just se
Magic Markets #245: How Big Deals Create Big Problems
The quality (and track record) of corporate M&A ranges from incredibly smart deals through to corporate disasters. One thing is for sure: results may vary when you see companies announcing large transactions.
After dedicating Magic Markets Premium this week to the proposed Keurig Dr Pepper - JDE Peet's transaction, which has all the makings of a mes
Magic Markets #244: Buying Shovels in the X-Rush
The concept of "shovels in the gold rush" is really useful in investing, as it speaks directly to thematic opportunities where the approach is to pick a stock as far up the value chain as possible.
A perfect example is Coinbase, which is really a play on the broader crypto market. A less pure-play example is Accenture, which is an attempt to get a slice
Magic Markets #243: Hallucinations and Hype: AI Bubble Risks
With the news of NVIDIA investing in OpenAI and with our focus this week in Magic Markets Premium on the truly wild forecasts being put out there by Oracle, we use our recent real-world experience with AI to comment on where it works and where it horribly fails to add any value at all. Or worse, where it confidently "hallucinates" and gives completely t
Magic Markets #242: Defending quarterly reporting
In the US market, companies are required to report quarterly - for now, at least. The latest utterances by President Trump suggest that quarterly reporting is being viewed in a negative light, with the SEC noting that they will be looking at whether reporting should move to align with most of the rest of the world i.e. results every six months.
We don't
Magic Markets #241: Catalysts and Meme Stocks
What causes share prices to move? Are there always sensible reasons, or does the market sometimes dish up crazy things?
There are academic arguments and practical considerations for most things, ranging from dividend signalling through to technical indicators and even the pandemic-era phenomenon that is meme stocks. In this podcast, we covered a number
Magic Markets #240: Omnichannel Observations - The Biggest Trend In Retail
As a follow-on show from the previous week where we talked about how to analyse retailers, we decided to cover the biggest trend right now in the sector: the rise of omnichannel retail. Digital isn't the future, it's the present! Retailers without proper digital strategies are being left behind at an alarming rate.
We touched on global statistics around
Magic Markets #239: Analysing Retailers
The retail sector isn't just a critical source of employment and consumer goods in every economy in the world. No, it's also a major contributor to stock indices and portfolio strategies that look for strong underpins that can give protection against inflation.
Analysing retailers requires a nuanced approach that includes an understanding of margins, wo
Magic Markets #238: Stablecoins with Mesh.Trade
Stablecoins are highly topical at the moment, with important new legislation in the US and many discussions taking place around the world with regulators. But why do they matter so much in the world of blockchain and crypto?
To explain the importance of stablecoins and to talk through critical concepts like yield-bearing stablecoins and the various use
Magic Markets #237: Buying Market Leaders
Stocks like Microsoft, Meta and Netflix have been strong winners in our portfolios (although we've had different exposures to them at different times). These stocks are great case studies to deal with two important questions.
The first relates to letting winners run. How do we think about having long-term vs. tactical positions and potentially trimming
Magic Markets #236: Mpact's Bullish Outlook on SA Agri - Fact or Fiction?
Earlier this week, Mpact gave the South African market a positive surprise. The packaging group is a major supplier to the agri sector, particularly for the export of agricultural products from South Africa like citrus. At a time when the market was expecting doom and gloom thanks to US tariffs, Mpact gave a positive outlook around agricultural activity
Magic Markets #235: Can Fast Food Stocks Keep Growing?
Are consumers still having fries with that, or have changes in consumer preferences (like more awareness of health and nutrition) given fast food stocks a knock?
Quick-service restaurants are businesses that can scale quickly, usually through a franchise model, which is why they've historically done well. They don't all take this route though, as eviden
Magic Markets #234: How Do Banks Manage Their Balance Sheets?
After covering the financials sector on the JSE last week and with our latest Premium research being on Goldman Sachs, we decided to talk about bank balance sheets and some of the key concepts.
This includes elements like capital adequacy, non-performing loans and portfolio tilts across various products. If you've ever wondered why mortgage originators
Magic Markets #233: Financials on the JSE - Paradise for Stock Pickers
The financials sector on the JSE is a substantial contributor to the overall index. Although banks make up the bulk of the sector, there are also major businesses in areas like insurance and wealth management.
With South Africa's difficult macro backdrop, there isn't a rising tide that lifts all boats in this sector. Instead, it tends to reward stock pi
Magic Markets #232: Hybrid Capital - Best of Both Worlds (with Westbrooke)
The "capital stack" refers to the mix of debt and equity that provides the funding for a business. With so many options on the spectrum from senior debt to pure equity, companies and investors come together in search of optimal solutions for all involved.
Westbrooke's approach makes use of various funding mechanisms, with hybrid capital as a particular
Magic Markets #231: Platinum and the cheese spread
Drawing charts like orange juice and cheese futures might be fun, but there's an important underlying influence that soft commodities have on inflation. Even if you don't trade commodities, there are useful things to learn.
And of course, when we get to the hard commodities that are actively traded every day, we move from jokes about the cheese spread t
Magic Markets #230: Insights from five global companies
In this episode of Magic Markets, Mohammed Nalla and The Finance Ghost decided to each choose three companies from the recent research in Magic Market Premium, with the goal being to discuss some of the most interesting insights that came out of each one.
Both chose Berkshire Hathaway (predictably), so there were actually only five companies to discuss.
Magic Markets #229: Macro World Tour
There's a lot going on in the world right now, giving us a great opportunity to let Moe wax lyrical about the key macroeconomic indicators and trends in the US, Europe, China and Japan. We also touched on markets like the UK and India as part of this world tour.
Of course, there's nothing Ghost enjoys more than a share price chart when it comes to the m
Magic Markets #228: Mesh.Trade and the Titans
Magic Markets listeners have become familiar with AnBro's approach to building global equity portfolios with different mandates. Titans is just one such example, focusing on an equal-weighted portfolio of best-of-breed stocks across various sectors.
With Titans now available on Mesh.Trade's platform alongside the other AnBro offerings, it was the perfec
Magic Markets #227: Saudi Aramco and Ferrari
After a few weeks of Formula One races every weekend, many sports fans have been bombarded with two brands: Saudi Aramco and Ferrari. This gave us a great opportunity to talk about both listed companies - from fossil fuels to fast cars!
Our view is that Ferrari is without a doubt the better business in terms of brand strength and long-term prospects, bu
Magic Markets #226: From Analyst to Entrepreneur
Muofhe Kwinda is a Magic Markets listener who reached out to us because he has an interesting story. He's made the leap from being a financial analyst in the investment space to being an entrepreneur, with business interests in mining and agriculture.
We couldn't resist the temptation to tap into what he's learnt by moving from desktop analysis of compa
Magic Markets #225: US Downgrade and JPMorgan Views
The US credit downgrade by Moody's wasn't a huge surprise, as they are just playing catch-up to what other ratings agencies already did. The complacency in the market in response to the downgrade is interesting though, as it became the catalyst for us to talk about the dollar as the world's reserve currency.
In the same week, a JPMorgan investor day pro
Magic Markets #224: REITs Taking a Breather
After a wonderful year in 2024 for property funds (especially in South Africa), the sector has taken a breather in 2025. That's not surprising given how much things have changed, particularly when you consider that 2024 really did create the perfect opportunity for local REITs.
In this review of the sector, we talked about concepts like whether tariffs
Magic Markets #223: Nuggets from Omaha
In an incredible contrast of wisdom, this episode focuses primarily on insightful comments from Warren Buffett at the latest Berkshire Hathaway annual meeting, before ending off with the latest chaos on tariffs - this time, Trump's comments on potential tariffs on the film industry, a sector in which the US enjoys a trade surplus!
You can't make this st
Magic Markets #222: The Long and the Short of Day Trading
Our very own Mohammed Nalla thought that the recent tariff volatility would be an excellent opportunity to dust off the day trading strategy that worked pretty well during COVID. Unlike the average Instagram influencer, we are all about authenticity here at Magic Markets - and that's why Moe bravely volunteered to dedicate a show to his learnings from t
Magic Markets #221: Mesh.Trade - Unlocking Private Markets
As the recent trend in IPOs and delistings on public markets tells us, an increasing number of companies are looking to private markets for their capital raising needs. This means that retail investors are being shut out of these opportunities, which is particularly problematic as these early-stage opportunities usually offer the highest potential retur
Magic Markets #220: The Global Asset Ownership Web
With markets bouncing around like crazy practically every day at the moment, most of the focus among investors is usually on the equity indices. But what about the bond markets? Aren't they just as important, if not even more important?
Does the carry trade play a role? What about foreign ownership of assets, both fixed income and equities?
And what is
Magic Markets #219: Trade Wars and Trading
With the markets all over the place and practically impossible to predict, Moe is busy with a day-trading strategy and Ghost has bought a few dips, ranging from technology through to golf.
Is there method in this madness? What is really going on out there? And should we be thinking more and more about China?
Volatility can be wild, but it's also a key f
Magic Markets #218: Consumer Conundrum
The first quarter of the year was an unhappy one for most consumer stocks. Tariffs are top of mind, as is the pressure that many brands have been facing in China. Inflation is a risk and consumer sentiment is weak. Against this backdrop, is there opportunity in this sector, or is it better to sit this one out and let the volatility do its thing?
And doe
Magic Markets #217: Time for Africa?
As we continue to look beyond the US to demonstrate the opportunities available elsewhere in the world, our gaze turns to Africa. Firmly a currencies story, it's all about whether the macroeconomics will improve in 2025. This is what some of the banking groups have predicted, so South African corporates with African exposure will be hoping that this com
Magic Markets #216: Europhoria - hype or the new hustle?
These days, the narrative has shifted from US Exceptionalism to one of punters working through the list of European companies to try and find something exciting to buy. Defence stocks seemed to be where momentum traders found their desired home, with incredible returns in those stocks.
But what about the rest of Europe? Is there something there to justi
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