In this landmark 600th episode of JSE Direct, Simon Brown reflects on the podcast's journey from its beginnings as a radio show in 2008 to becoming a leading podcast for market insights. The episode covers a range of topics, from South Africa's local CPI and a strengthening Rand to the surprising twists in the gold market and a mixed bag of corporate earnings. Local Inflation Data: South Africa's CPI has come in better than expected at 4.6%, fueling speculation on whether the next rate cut by the MPC might be more aggressive than anticipated. South Africa CPI | July 2024 Rand Strengthens: The Rand has shown significant strength, dropping below 18 to the dollar, with Simon analyzing the contributing factors, including foreign investment in bonds and a weakening US dollar. Bull Market Sentiment: Simon reaffirms the current bull market, highlighting the JSE's all-time highs and advising listeners to stay invested while cautioning against the risks of sitting on the sidelines. Top40 20 August 2024 | Weekly chart Gold Market Rally: Gold prices have surged above $2,500, driven by central banks' increased purchases and concerns about the US dollar's stability. Simon discusses the potential for further gains in the gold market. Corporate Earnings Recap: Coronation Fund Managers: Special dividend announced but falls short of expectations. CMH*: Despite low liquidity, the stock continues to climb, reflecting the breadth of the bull market. Sasol: Disappointing results with no dividend payout, a situation Simon had previously predicted. Spur Corporation: Strong earnings, signaling improving economic conditions. Simon Brown * I hold ungeared positions. All charts by KoyFin | Get 10% off your order