Share Buy Backs; the Good & the Ugly | Market Loving the Sasol Update

🇺🇸 US Inflation – Numbers come in softer than expected 📊, fuelling hopes for a **September rate cut** from the Fed 🏦. ⛽ Sasol trading update – PE under 3 😮, H2 profits looking stronger, and the market loving it (+9.7% 🚀). 💰 Share buybacks – Why US companies love them, the tax angle, and Apple's massive \$100bn spree 🍏. Apple out standing shares 🪙 Gold & the Resi10 index – Resource stocks roaring in 2024, +72.5% YTD 🤯, but will gold break out of its range?  Gold Weekly | 12 August 2025 🇨🇳 China trade surplus – Despite tariffs & tensions, it hits a record \$1.2 trillion 📦. 🖥️ Trump vs. Nvidia & AMD – AI chip sales to China now taxed at 15%, and Beijing warns against buying certain models 🤖. 📊 Tool – Just One Lap's ETF Database is live! Filter by issuer, classification, tax-free status, and even search top holdings 🔍. Powered by Standard Bank & Shyft – the global money app for travel, shopping, payments & investments 🌍. Simon Brown * I hold ungeared positions. All charts by KoyFin | Get 10% off your order