Spear of the nation

Good Morning Voornaam,

I know you're busy, which is exactly why I designed the Ghost Wrap podcast to be an 8-minute update on at least 8 companies every week. At a rate of one company per minute, this is rapid-fire learning. The latest episode featured AECI, Argent Industrial, Hudaco, PBT Group, Invicta, Hyprop, Advanced Health and the Naspers/Prosus group. Brought to you by Mazars, you'll find it here>>>

Speaking of PBT Group, the next Unlock the Stock event features this company in a solo slot on 13 July at midday. Register here and get it into your diaries!

Moving away from company news for a moment, the latest Ghost Stories podcast features Thembeka Khumalo from Satrix and a critically important discussion on investing for your children. We discussed everything from what risk actually means through to the wonder of compound returns. This episode is important for every parent.

Some magic from Magic Markets

With a new episode coming tomorrow, don't fall behind on Magic Markets podcast episodes. Episode 131 is a great discussion on h ow to Do Your Own Research (DYOR) - a skill that you simply cannot live without if you plan to be active in the markets. Enjoy it here>>>

There's a brand new edition of Ghost Global, dealing with the dark side of consistency. You see, there's a fine line between consistency and complacency, with Visa and Tupperware as excellent examples at either end of the spectrum. Tapping into the Magic Markets Premium research library, I wrote on this topic here>>>

Even the Western Cape isn't immu ne from macroeconomic challenges

There wasn't much news on the local market yesterday, but the quarterly update from Spear REIT is important. This is a solid local property fund, regarded by the market as a well-managed and focused operation that is only interested in owning property in the Western Cape. Unless you've been living under a rock for the past five years, that's a good strategy.

A good strategy, but not a strategy that is immune to challenges, including in the office portfolio. And with rising interest rates, the balance sheet is putting pressure on the system as well.

To find out how Spear REIT is performing and to get the latest on Sibanye-Stillwater and Tongaat Hulett, read Ghost Bites here>>>

No Independence Day hangover for the dollar

The dollar came out fighting yesterday, with emerging markets currencies on the back foot. By the time you read this, the FOMC minutes would've been released and the market will be digesting them, with Fed Chair Powell's testimony in June suggesting that more rate hikes are to be expected.

As we've been highlighting this week, all eyes will be on the non-farm payroll numbers coming on Friday.

For more in-depth thinking from TreasuryONE on currencies and macroeconomic events, watch the latest weekly market review on their YouTube channel>>>

Have a great Thursday!

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