Simon Shares * Combined Motor Holdings (JSE code: CMH) results, Best ever. * Renergen (JSE code: REN) cold commissioning of phase 1 going well. * New global healthcare ETF coming from Satrix. Currently in IPO and listing 26 May. * EU unveils a proposal to ban Russian oil imports within 6 months, all refined oil products by the end of the year. + OPEC+ Sees Production From Non-Opec Participants in OPEC+ at 18.2 mln Bpd in May, 600,000 Bpd Lower Than Last Forecast * Lyft (Nasdaq code: LYFT) shares fall 26% on disappointing forecast (earnings 75% below expectations) as they say they'll pay drivers more. * Intel says chip storage till 2024 at least.
Stagflation
"Stagflation is most commonly referred to as the simultaneous experience of three separate negative economic phenomena: rising inflation, rising unemployment, and the declining demand for goods and services."
The best defence is generally commodities.