What really happened in Japan? Are markets safe again? (#598)

JSE Direct with Simon Brown

Apple's Financial Performance and Buffett's Decision:

• Apple's recent financial results showed steady revenue growth across various segments including iPhone, MacBooks, and iPads.
• Warren Buffett's Berkshire Hathaway reduced its stake in Apple by half, sparking market speculation.
• The implications of Apple's valuation and Buffett's strategy in maintaining a significant yet reduced position in Apple were discussed.

Market Movements in Japan:

• The dramatic drop in Japan's Nikkei 225 index, which fell nearly 27% from its recent highs, was analyzed.
• Possible reasons behind the sell-off included the unwinding of the Japanese carry trade and broader market concerns about global economic stability.
• The role of low liquidity in exacerbating the market decline was highlighted.

Nikkei 225

Nedbank's Financial Results:

• Nedbank reported solid financial results with HEP's up 11% and a near 15% return on equity.
• Improvements in impairments and concerns over the cost-to-income ratio were noted.
• The banking index's performance and its implications for Nedbank's stock were discussed.

Anglogold Ashanti's* Performance:

• Anglogold Ashanti's strong production and profitability metrics were reviewed.
• The importance of holding gold miners and gold ETFs in the current market environment was emphasized.

Launch of Ethereum ETFs:

• The approval of Ethereum ETFs by the US SEC was announced, with eight new ETFs available for trading in New York.
• The differences between Ethereum's proof-of-stake blockchain and Bitcoin's proof-of-work blockchain were explained.
• Potential implications for investors and the broader crypto market were discussed.

Simon Brown

* I hold ungeared positions.

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