Market Indicators
ZAR18.92/USD 🔼 ZAR19.47/EUR 🔼 ZAR11.73/AUD 🔽 ZAR23.26/GBP 🔼 BrentCrude@ USD77.37/ZAR1470/barrel 🔼 Au@USD2676/ZAR50641/t.oz 🔼 1BTC@ZAR1785542 USD94366 🔽
US stock futures FELL on Friday as investors awaited the December JOBS report. A strong report could mean the Federal Reserve might NOT cut interest rates soon, which could HIURT stocks. Recent data shows STRONG activity in services, employment, and rising prices, raising concerns about ONGOING inflation. GLOBAL markets trail in the WAKE.
The MAGNIFICENT 7 propel 55% of S&P 500’s 2024 GAINS.
https://www.voronoiapp.com/markets/-The-Magnificent-Seven-Propel-55-of-SP-500s-2024-Gains-3544
LA fires ECONOMIC LOSS could top $50 BILLION.
https://www.latimes.com/business/story/2025-01-09/loss-from-wildfires-could-surpass-50-billion
KZN Lawfirm is in hot water for USING AI to DRAFT COURT PAPERS.
https://www.moneyweb.co.za/news/south-africa/lawyers-in-hot-water-for-using-ai-to-draft-court-papers/
BTC not a NOTHING and not a SOMETHING. https://www.bloomberg.com/opinion/articles/2025-01-07/bitcoin-s-not-a-nothing-but-it-s-not-a-something-either?srnd=homepage-africa
Interest:
Milky Way is about 100 thousand to 120 thousand light-years in diameter. (A light year is about 9.6 TRILLION Kms). Our galaxy is currently CONSUMING the Canis Major Dwarf Galaxy (the closest galaxy to ours). Milky Way has over 200 BILLION stars in it, even though it’s one of the AVERAGE sized galaxies in the Universe. The idea of MULTIPLE universes is INTRIGUING.
“QUALITY is not an act, it is a HABIT.” – Aristotle.
Have a good weekend.