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.

Latest Episodes

66

March 09, 2022 00:28:34
Magic Markets #66: Strong opinions, loosely held

Magic Markets #66: Strong opinions, loosely held

Herenya is a name you’ve heard before on Magic Markets. Considering they have a strong trading community and a focus on supporting and developing traders (and investors for that matter), we love working with the team from Herenya. Founder Petri Redelinghuys will be joining us every month to discuss the trends he’s seeing in the markets and some of the portfolio strategies being used by the team at Herenya. In this episode, we look at the recent volatility related to the crisis in Ukraine and how the traders have tried to unemotionally position themselves. We discussed the risks of chasing commodity spikes and how to prepare for a change in direction. We also looked at various scenarios related to Russia and what they would mean for markets in the short- to medium-term. Herenya Capital Advisors is an authorised financial services provider, FSP number 47080. Visit the Herenya website to find out more and follow them on Twitter. ...

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65

March 02, 2022 00:29:54
Magic Markets #65: There's value in growth

Magic Markets #65: There's value in growth

Craig Antonie of AnBro Capital Investments has joined us before on Magic Markets. In Episode 11 (February 2021), we learnt about his approach to growth investing. In May 2021, he joined us again on Episode 27 to unpack the sell-off in growth stocks at the time and whether this changed his approach (it didn’t – which is a good thing!) We are thrilled to welcome Craig back to Magic Markets. He will be joining us every month to discuss growth stocks and the related complexities of investing in that space. Having been through an incredibly volatile period for growth stocks, Craig takes us through his approach once more and why it has been relatively resilient within the context of the broader sector performance. We specifically discussed the ways in which the Unicorn Global Growth Fund differs from the ARK Innovation Fund. AnBro Capital focuses on a founder-led model and keeps a buffer of cash in the portfolio to respond to volatility - a sensible approach in our view! Episode 65 of Magic Markets is brought to you by AnBro Capital Investments, an authorised Financial Services Provider FSP number 48371 Invest in the future. Invest in growth. Visit investinunicorns.com for more information. ...

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64

February 23, 2022 00:26:00
Magic Markets #64: It's a stock picker's market

Magic Markets #64: It's a stock picker's market

2022 is clearly a stock picker’s market. The days of throwing darts and making money are behind us. With that in mind, the hosts decided to talk through some of the current themes in the market and what it means for their portfolios. Covering a wide variety of topics ranging from Russia and Barloworld through to Bitcoin and the great Tesla vs. Ford debate, this episode of Magic Markets is your invitation to be part of a trading room-style discussion about the top-of-mind issues in the markets. ...

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63

February 16, 2022 00:27:05
Magic Markets #63: Balancing balance sheets

Magic Markets #63: Balancing balance sheets

We are thrilled to have Westbrooke Alternative Asset Management as a brand partner to Magic Markets. With over R8 billion in assets under management across South Africa, the UK and the USA, Westbrooke provides a unique gateway to the world of alternative investments. Dino Zuccollo (Head of Product Development and Distribution at Westbrooke) first joined us on Ep59 to discuss an overview of the Westbrooke business. In Ep63, Dino is back to delve into some of the more technical concepts in detail. We kick off with a discussion around liquidity in this asset class, a question raised by a listener on Twitter. There are important points noted around overall portfolio construction and strategy and how an alternative portfolio fits into that. We then move on to discuss the various tiers in a balance sheet, ranging from debt to equity and all the mezzanine structures inbetween. This is a fascinating space. Westbrooke specialises in innovative financing that touches all these elements, making it an attractive option for both investors and those looking to raise finance for businesses and projects. Visit www.westbrooke.co.za to find out more. Westbrooke Alternative Asset Management is an authorised Financial Services Provider, FSP number 46750. ...

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62

February 09, 2022 00:24:31
Magic Markets #62: Afrimat - a track record as Hotazel

Magic Markets #62: Afrimat - a track record as Hotazel

With a share price and earnings track record that puts most companies to shame, Afrimat is widely regarded as a company with excellent capital allocation discipline and focused strategic execution. Starting in the construction industry, Afrimat has evolved into a strong mid-tier miner. Afrimat’s secret lies in owning a diversified portfolio of counter-cyclical businesses. The overlay of this cyclicality, when viewed in aggregate, creates a more attractive earnings profile and de-risks the entire operation. A conservative approach to the balance sheet has also been key to success. In Episode 62 of Magic Markets, we welcomed Afrimat CEO and founder Andries van Heerden to the show. This is a rare opportunity to tap into the mind of a top executive, with plenty to learn along the way for all of us. ...

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61

February 02, 2022 00:20:55
Magic Markets #61: The Fed flip-flop

Magic Markets #61: The Fed flip-flop

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 sectors that investors have focused on during the pandemic. In Episode 61 of Magic Markets, we discuss the recent moves by the Fed and what the market is expecting in 2022. We also explain a number of key concepts related to the Fed and do a bit of jargon-busting along the way. ...

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