JSEDirect with Simon Brown

What the Rouble teaches us (#488)


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Simon Shares
  • I have closed my Nasdaq long position. Still long FTSE100.
  • Purple Group* (JSE code: PPE) trading update. Looks a little better than I expected.
  • MTN (JSE code: MTN) more Nigerian woes.
  • Reports that Woolies* (JSE code: WHL) may be selling David Jones.
  • Elon Musk buys 9.2% of Twitter (NYSE code: TWTR).
  • Moodys upgrades sovereign and banks from negative to stable.
  • Deutsche Bank says: US recession in 2023 and stocks to fall 20% by summer 2023
* I hold ungeared positions. The Rouble is almost back at pre-war levels against the US$.

20% interest rates, capital controls, no foreign selling on the Moscow Exchange, selling oil & gas in Roubles (maybe), reports of paying interest on debt with Roubles and of course traders in for a buck.

 

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JSEDirect with Simon BrownBy www.JustOneLap.com