| The JSE rose to a new all-time high on the third trading day of the new year, gaining 1.5% and surpassing its previous record of three years ago. Resource stocks drove the rally, helped by higher commodity prices. And in a delayed but pretty convincing reaction, Sasol bounced 10% to its highest in almost five months as the oil price responded to news that Saudi Arabia will cut production next month to prop up prices that face continued pressure due to renewed lockdown restrictions across the globe. The cuts are good news for Sasol due to its correlation to the oil price and the rand, which has weakened over the past couple of days. Sasol was one of the shares that The Finance Ghost benefitted from having in his portfolio last year. However, he's not positive about the stock this year. He's back with Mohammed Nalla (Moe-Knows). In their opening episode of Magic Markets for 2021, they touch on what worked and didn't work in their respective portfolios last year. They also discuss the changes they've made to position themselves for latest market conditions, especially against a backdrop of second wave lockdowns. Follow this link to listed to the 7th episode their podcast. For a global perspective, Stphane Monier, chief investment officer at Lombard Odier Private Bank, looks at the implications of the latest Brexit deal for UK equities and the pound. Have a good day. Stephen Gunnion Managing Editor, InceConnect
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