US Inflation: Core Inflation: Came in at 3.4%, lower than the expected 3.5% and previous 3.6%. Impact: Positive market reaction, with US Treasuries under pressure, Rand strengthening, and Dollar weakening. FOMC Outlook: Potential rate cuts anticipated towards the end of the year, possibly in November and December. Company Results: SPAR: Performance: Results were as expected, market responded positively. Issues: Challenges in Switzerland, discontinued operations in Poland, and ongoing SAP implementation issues. Foschini Group: Performance: Strong results, market reacted favorably. Highlights: Good performance in their online platform Bash and general improvement across brands. Foschini Group and Clothing Retailers: Potential growth areas and resistance levels in stock prices. Interesting Stock: Contemporary Amperex Technology Company Limited (CATL): Sector: Battery technology for EVs and corporate solutions. Market Performance: Positive analyst ratings, promising future prospects. Renergen*: Helium Production: Helium is flowing, but further testing is required. Challenges: Significant delays and ongoing testing phases, but progress is being made. Santova: Stock Movement: Changes in buyer and seller dynamics impacting stock price. Insights: Importance of identifying market movers in stock trading. Political Developments: Coalition Talks: Ongoing with potential for an ANC, DA, IFP coalition. Rand Performance: Strengthening in response to political stability and positive US inflation data. [caption id="attachment_42378" align="aligncenter" width="849"] USDZAR | 12 June 2024[/caption] Simon Brown All charts by KoyFin | Get 10% off your order * I hold ungeared positions.