A green day on the JSE

Nick Kunze of Sanlam Private Wealth unpacks a broadly positive day on the JSE and a stronger rand, driven by US dollar weakness. He also discusses the SpaceX IPO, the rush of listings and momentum in the AI trade. He notes that IPO surges often signal overheated markets that can be followed by sell-offs, which have also weighed on the gold price. He further comments on US inflation and jobs data and the implications for potential interest rate hikes.