Welcome to the latest episode of Weekend Markets where BizTech and Zaks take a light-hearted look at the past week and attempt to predict what will happen next…Enjoy!
https://youtu.be/SuxID6EBqRc?si=FJDTtD-poh9YOnRY
The hosts, Steve Deacon and Zak Mir engage in a casual conversation covering a range of topics, including:
- Jeremy Clarkson’s Popularity: The discussion begins humorously with comments on Jeremy Clarkson being voted the sexiest man in Britain, attributing it to his wealth, large farm, and high-profile incidents.
- Market Trends:
- They touch on recent market highs, with specific mentions of indices like the Dow Jones reaching 40,000 points.
- The UK’s FTSE index reaching new highs is noted, though met with some scepticism and humour about market predictions.
- Financial Advice:
- They joke about taking punts on the market and spreading betting, emphasizing the speculative nature of such advice and clearly stating it’s not to be taken seriously.
- The discussion includes a light-hearted take on the UK tax system, suggesting a simplified process where HMRC handles all deductions directly.
- Individual Stocks:
- Stocks like Belluscura, rose without news, indicating possible future announcements.
- Hummingbird Resources’ recent news led to a stock increase.
- Other stocks like Empire Metals and Phoenix Copper are mentioned, highlighting their recent performances.
- Cryptocurrency:
- Bitcoin’s rise and its use by Russians to buy property in Dubai is discussed.
- Mention of a dashboard tracking ETF inflows and outflows for Bitcoin, noting recent increases in inflows, suggesting bullish sentiment.
- Discussion on Bitcoin dominance and predictions about its price movement, with some altcoins like Solana also performing well.
- Macro Economic Factors:
- The impact of potential interest rate cuts in the US and UK on market behaviour.
- Speculation on how inflation rates and central bank policies might influence future trends.
Overall, the video mixes humour with market analysis, providing insights into current trends while emphasizing the speculative and uncertain nature of financial markets.
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