Magic Markets
Арна мәліметтері
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.
Соңғы эпизодтар
249 эпизод
Magic Markets #285: Leopold, Leverage and Losses
Leopold Aschenbrenner was widely seen as one of the brightest minds riding the AI wave, building Situational Awareness into a hedge fund that reported...
Magic Markets #284: Cashbuild, Mr Price and Consumer Fragility
South African consumers have spent the past few years battling higher interest rates, rising administered prices and persistent pressure on household...
Magic Markets #283: Saying Yes to Yield - Exploring Property Markets
Property is a unique asset class that sits somewhere between equities and bonds, offering investors a combination of income, growth and exposure to ma...
Magic Markets #282: Checking In - Global Tourism Stocks
Tourism is one of the most important sectors in the global economy, generating employment, driving consumer spending and creating opportunities across...
Magic Markets #281: Market Scorecard - Q2 Global Review, YTD JSE Winners & Losers
The second quarter of 2026 is in the books, and it was anything but boring. In this episode of Magic Markets, The Finance Ghost and Mohamed Nalla take...
Magic Markets #280: Portfolio Housekeeping - New Positions and Hard Lessons
This week on Magic Markets, we're opening up the portfolios and discussing some of our most recent investment decisions. From beaten-down SA Inc. name...
Magic Markets #279: The Fed - Pricing the World
The Fed doesn’t just set US interest rates - it effectively sets the price of money for the entire world.
In this episode, we unpack why that ma...
Magic Markets #278: Aylett & Co. on Alcohol Stocks
Aylett & Co. returns to Magic Markets for a deep dive into one of the more debated sectors in global markets: alcohol.
Justin Ritchie and Ryann...
Magic Markets #277: Pretty Ugly - lululemon and Ulta Beauty
In Episode 277 of Magic Markets, The Finance Ghost and Mohammed Nalla tackle the theme of “bad things happening to good brands” - with lululemon and U...
Magic Markets #276: The Great Interest Rate Hate Debate
In this episode of Magic Markets, The Finance Ghost and Mohammed Nalla unpack the uncomfortable reality facing South African consumers: soaring petrol...
Magic Markets #275: Platform Power - Prosus and the SaaS Shakeout
In this episode of Magic Markets, we unpack the concept of platform economics through a practical lens, using real examples from our portfolios like U...
Magic Markets #274: Why Bond Yields Matter So Much
Bond yields are back in the spotlight, and they’re moving markets in ways that investors can’t afford to ignore.
In this episode of Magic Market...
Magic Markets #273: Beyond NVIDIA - Mapping the AI Investment Stack
The AI trade is evolving fast - and Nvidia is no longer the whole story. In this episode of Magic Markets, we unpack how the market is shifting beyond...
Magic Markets #272: REIT Returns and Red Flags
With South Africa finally emerging from its April “December-lite”, the hosts dive into property - an asset class that looks simple on the surface (yie...
Magic Markets #271: Record Highs, Uneven Returns
In this episode, The Finance Ghost and Mohammed Nalla unpack why US equity markets are refusing to take a break.
With the S&P 500 at all‑time hi...
Magic Markets #270: Holding Through Highs and Lows
In this episode of Magic Markets, Ghost and Moe balance life’s milestones with market realities. Fresh off Ghost’s wedding celebrations, the duo dive...
Magic Markets #269: SaaSpocalypse - Surviving the Shock
AI is eating software, with the market response being nothing short of brutal. The once-loved Software-as-a-Service (SaaS) stocks have been crushed, w...
Magic Markets #268: No One Brakes in Cairo - Except the Central Bank
Fresh off a honeymoon in Egypt, The Finance Ghost brings on‑the‑ground perspective to one of Africa’s largest and most misunderstood economies. From C...
Magic Markets #267: Oil and Toil - a Bruising Q1
The first quarter of 2026 was a reality check for global markets. If you had oil, you made money. If you had almost anything else, you didn't.
...
Magic Markets #266: Dire Straits of Hormuz
Four weeks into the war in Iran, the numbers tell a stark story around the risks for equity plays in regions like the UAE. Dubai-listed property and b...
Magic Markets #265: Iran and JSE Earnings Season Themes
From a macro perspective, the ongoing conflict in Iran has dished up some important movies in currencies, bonds, commodities and inflation expectation...
Magic Markets #264: Portfolio Positioning for the AI Epoch (with David Eborall of SaltLight Capital)
With lightning-fast developments in AI on everyone's lips, figuring out where to play in this value chain is no mean feat. Will the hyperscalers achie...
Magic Markets #263: The Oil Trade
With the conflict in Iran still fresh in the market at time of recording, we decided to talk about the commodity that everyone is looking at: oil. And...
Magic Markets #262: Free Cash Flow - Friend or Foe? (with Dagon Sachs of Aylett & Co.)
What’s the vital difference between a management team that creates value and one that destroys it? Is the concept of a "capital-light business" always...
Magic Markets #261: The AI Effect on Free Cash Flow
2026 has seen US tech giants throwing enough capex at AI infrastructure to fund a small country. Amazon has guided capex that is roughly half of South...
Magic Markets #260: Grocery Giants and the Value Retail Rotation
While the world’s athletes compete for Winter Olympic Gold, Walmart has secured a podium finish of its own – becoming the first retailer to skate past...
Magic Market #259: Gold, Volatility and Asymmetrical Payoffs
Can one hawkish Fed Chair nomination melt a golden bull’s wings? In this episode of Magic Markets, The Finance Ghost and Moe-Knows look at volatility,...
Magic Markets #258: Stock Picking in Emerging Markets
In a week where the gold price soared to new heights and the rand flexed impressively against the dollar, The Finance Ghost and Moe-Knows have turned...
Magic Markets #257: Investing in Copper with Mesh.Trade
While global superpowers eye new territories for mineral wealth and the likes of Glencore and Rio Tinto dance around a potential merger, investors are...
Magic Market #256: Geopolitics and Banana Republics
The world order is shifting – the US is playing a global-scale game of Risk, the rand is getting stronger, and AI can’t count its ABCs. Amidst the cha...
Magic Market #255: Setting the Scene for 2026
With a new calendar on the wall, there's a lot to consider this year. The world doesn’t behave the same way that our calendars do, with the themes and...
Magic Market #254: 2025 Scorecard – The Good, The Bad and The Macro
In the final Magic Markets show of 2025, we looked back on a watershed year for geopolitics and the technology sector. With Moe focusing on the macro...
Magic Markets #253: General M&A and Netflix - Warner Bros. Discovery
With news breaking of Netflix joining the bidding war for Warner Bros. Discovery and looking to potentially make a huge cash offer to get their hands...
Magic Markets #252: G20 and AI Temperature Check
With the G20 in the rearview mirror in South Africa, we took the opportunity to discuss Moe's views on the geopolitical shenanigans from a North Ameri...
Magic Markets #251: How Sports Brands Win (And Lose)
On Holding might have an awkward name, but the company counts Roger Federer among its early investors and biggest endorsements. Thanks to Nike's misst...
Magic Markets #250: Specialty Retail - When Niche Works Nicely
Specialty retail is a fascinating sector on the global stage. It includes companies like Dick's Sporting Goods and Build-A-Bear, with the latter being...
Magic Markets #249: How Westbrooke Deploys Capital
When it comes to understanding the Westbrooke investment philosophy and approach, there's no better way to do it than through looking at deal case stu...
Magic Markets #248: Stream Wars
The content and distribution game is a hotbed of competition, with leading lights like Netflix, Disney and of course YouTube within the Alphabet (Goog...
Magic Markets #247: Investing in Property with Mesh.Trade and 27four
Property is a vibrant asset class in South Africa. From convenience retail centres through to mixed-use developments, property is a popular way to ear...
Magic Markets #246: To Hedge or Live on the Edge?
There's a lot of nervousness out there at the moment around global asset prices, leading to discussions around whether the top is in. Naturally, this...