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Speaker 1: Welcome to the Fear and Greed Summer series sponsored by Vanter,

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Speaker 1: specialists in compliance led growth. A'm Michael Thompson and good morning,

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Speaker 1: Sean Aylmer, Good morning, Michael, and good morning Adam Lang.

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Speaker 2: Good morning Michael.

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Speaker 1: Now in just five minutes, we are each going to

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Speaker 1: put forward a big story about markets today from the

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Speaker 1: last year, and at the end we're going to decide

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Speaker 1: who wins, because we are very competitive and we must

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Speaker 1: have a winner at all times. Adam, would you like

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Speaker 1: to go first?

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Speaker 2: Or Michael in Shawan? For me? It's the rise of

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Speaker 2: the ASEX two hundred and the S and P five

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Speaker 2: hundred share markets are an expression of investor belief in

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Speaker 2: future profits of publicly listed companies, and these measures shows

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Speaker 2: that belief has been at record levels and closes the

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Speaker 2: year with a great deal of strength. The Standard and

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Speaker 2: Pause five hundred index tracks the share price performance of

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Speaker 2: the largest listed companies on the Stock Exchange of the

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Speaker 2: United States, and that is the biggest economy in the world.

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Speaker 2: The S and P five hundred began twenty twenty four

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Speaker 2: worth over US four three trillion and closes more than

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Speaker 2: twenty five percent higher. Meanwhile, the Australian Stock Exchange our

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Speaker 2: S and p ASX two hundred accounts for over eighty

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Speaker 2: percent of the total market capitalization and it has been

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Speaker 2: a similar but different story. The total index has flirted

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Speaker 2: with nine percent growth this year and occasionally crept into

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Speaker 2: double digits. We don't have the Magnificent seven, but we

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Speaker 2: do have our favorites. Our banks lead the way with

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Speaker 2: five in the top ten Commonwealth National Australia, West, pank

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Speaker 2: A and z ED mcquarie, with then BHP, CSL, West Farmers,

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Speaker 2: Goodman and FOURTESQ rounding out a powerful rise in twenty

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Speaker 2: twenty four.

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Speaker 1: You know, Adam, that is spectacular growth overall.

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Speaker 3: Is the word flirted? Yeah, I know that.

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Speaker 1: I made it quite kind of erotic, that kind of thing. Yes, Look,

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Speaker 1: you're a big picture guy. I want to narrow the

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Speaker 1: view here just to one particular asset. I mean, this

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Speaker 1: is extraordinary because twenty twenty four for me, was the

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Speaker 1: year that coin boomed. Now consider that at the start

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Speaker 1: of the year January one, I probably didn't need to

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Speaker 1: point out when the year started, but at the start

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Speaker 1: of the year bitcoin was sitting around forty three thousand

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Speaker 1: US dollars a unit, Now at the end of twenty

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Speaker 1: twenty four, it has hit record after record after record

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Speaker 1: after record. It passed one hundred thousand US dollar mark

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Speaker 1: in early December, continued well past that point. A few

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Speaker 1: reasons for that. Obviously earlier in the year, right, it

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Speaker 1: got a big hit of credibility when the SEC in

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Speaker 1: the US proved spot bitcoin ets from major institutions like

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Speaker 1: black Rock and Fidelity. Then a bunch of other things

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Speaker 1: happened throughout the year. Do you like how I went

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Speaker 1: to summarize everything, Just a bunch of stuff happened. But

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Speaker 1: then you're fast forward towards November. Right, Bitcoin took off

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Speaker 1: when Donald Trump won because he'd come across in his

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Speaker 1: comments as pro crypto. Then he announced a crypto advocate

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Speaker 1: as his nominee to run the SEC, and bitcoin and

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Speaker 1: other cryptos well kind of just went through the roof.

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Speaker 1: Now it's just extraordinary how long they'll stay there. Kind

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Speaker 1: of as anyone's guest, but to go from kind of

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Speaker 1: forty three thousand US dollars to more than one hundred

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Speaker 1: thousand US dollars in less than a year, with a

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Speaker 1: huge amount of that happening just in the week since

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Speaker 1: the US election, that is huge. That is spectacular growth.

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Speaker 3: Sure is, Michael. I agree my market story for the

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Speaker 3: year the Magnificent seven, maybe the end of the Magnificent seven.

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Speaker 3: The single biggest question facing global markets in twenty twenty

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Speaker 3: five is whether the mag seven textocks can keep running.

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Speaker 3: We're talking Apple up thirty five percent this year, now

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Speaker 3: worth close to four trillion dollars. Good last couple of months,

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Speaker 3: but really slowed in that July taber period. Microsoft it's

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Speaker 3: up twenty two percent, being a bit choppy this year.

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Speaker 3: And Video Wow up one hundred and seventy four percent

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Speaker 3: best of all, but it has totally stalled since July.

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Speaker 3: Amazon up fifty five percent, great last couple of months

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Speaker 3: of the year, Alphabet up forty two two percent. It's

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Speaker 3: done well recently, but really came off the boil in

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Speaker 3: the second half of the year. Met has risen steadily

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Speaker 3: all year, about eighty percent. Tesla Tesla, Tesla, Tesla, It's

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Speaker 3: back at record levels on the back of that Trump election.

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Speaker 3: The Magnificent seven account for the value of about one

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Speaker 3: third of the S and P five hundred fifty percent

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Speaker 3: of the indexes. Twenty two percent gain is on the

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Speaker 3: back of the Magnificent seven. Incredible story, but can they

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Speaker 3: keep running?

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Speaker 1: Great question, I say, three good stories. Look, I would

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Speaker 1: like to nominate myself as the winner, but I think

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Speaker 1: it might be Adam. It is hard to go past that.

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Speaker 2: Michael.

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Speaker 1: Well, yeah, I mean, I mean you were justifiably the

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Speaker 1: winner in terms of the rise of the market.

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Speaker 3: Well, I just like to say that mag seven was

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Speaker 3: the reason the markets raised, But I just it's fair.

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Speaker 3: I'll go without them.

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Speaker 1: Okay, but please, I don't somebody think of the bitcoins.

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Speaker 2: Yeah, I'll take the win.

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Speaker 1: Well, okay, we will declare you the winner. Adam, it

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Speaker 1: shall not last.

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Speaker 3: And Michael, excellent third.

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Speaker 2: I don't get ron was third Daylight or was Michael?

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Speaker 1: Michael, Well, this is nonsense. We are off to a

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Speaker 1: terrible start here. Thank you very much, Sean, Thanks Michael,

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Speaker 1: and thank you Adam.

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Speaker 3: Thank you, Michael.

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Speaker 1: Make sure you hit follow on the podcast. This is

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