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The Good Morning Report

Posted on August 11, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. US inflation came in at 3.2% vs 3.3% expected....Inflation is now ticking back up as the June reading was 3%.

2. APPLE shares are trading on a whopping PE of 30 times earnings Vs historical average of around 23.

3. According to the SRS Rocco Report, Aussie SILVER production dropped 21% last quarter - yet the tighter supply situation at a time of record demand translated to a SILVER price that basically did nothing in the period.....Surely the mining executives must be starting to get a bit suspicious that bullion bankers/traders who dictate the price on the COMEX are having a lend of them....Just think - OLIVE OIL production also drops 20% and prices skyrocket - but SILVER doesn't react to plunging production....The clock is ticking on the NAKED SHORT SELLERS!

4. Disney+ lost 11.7 million subscribers last quarter....sign that people are feeling the pinch?

5. Just to clarify - Woodside (WDS) workers are not on strike, they just agreed to one if need be.

ASX Market Update

ASX 200 up 19 points to 7357

Decent money was coming in for all of my top energy plays as the market worried about potential industrial action @ Woodside (WDS) and Chevron. A cut in energy supplies would lift prices across the board....NHC up 5.78%, WHC put on 4.3% and WDS rallied 1.85%.

Random Observation

AFR article yesterday....

This is complete and utter nonsense from CBA....Without Met Coal you can't build those stupid windmills or make solar panels....Without GAS you can't make fertilizer - so global starvation....Without OIL you can forget about mining any of those so called 'GREEN' minerals and the world basically comes to a grinding halt.

So by following the science down to a T, I can only conclude that CBA are a bunch of sadists that want to send us back into the dark ages....PURE INSANITY!

The Day Ahead

  • Our SPI is down 11 points
  • Bitcoin down 0.2% to $29,313

Movements affecting our resource stocks today (USD)

  • BHP in the US down 0.3%
  • Newmont down 0.18%
  • Gold down 0.22% to $1946
  • Paper Silver up 0.22% to $22.78
  • Platinum up 2.3% to $913
  • Copper down 0.75% to $3.75
  • Brent Crude down 1.3% to $86.33
  • Iron ore down 1.9% to $103.5

Asian Market Update

Japan up 0.84%, China added 0.31% and Hong Kong was FLAT

The price action shows just how important Australia is to the rest of the world....For the record, Woodside or Chevron workers are not on strike.

Global Market Update

US Market

DOW up 52 points to 35,176

Disney shares rallied 4.8% despite losing 11 million streaming customers - the market was excited by plans the entertainment giant was going to increase prices for its online content by between 20% & 27% starting in October.

European Markets

Germans up 0.91%, Brits added 0.41% and Frenchies put on 1.5%

The esteemed Dr Nick Riviera recommends you crush up 5 Wegovy pills to sprinkle on your Coco Pops for breakfast.

Key Market Summary

General Advice Warning
The information provided in this post is general information only. Unless otherwise stated the information is not designed for the purpose of providing personal, financial or investment advice. Any examples are presented for illustration purposes and past performance is not a reliable indicator of future performance. The information provided does not take into account your particular investment objectives, financial situation or investment needs.

Without limiting the generality of the above paragraph no person, persons or organisation should invest monies or take action on the reliance of the material contained in this post, but instead should satisfy themselves independently (whether by expert advice or otherwise) of the appropriateness of any such action. Unless otherwise stated the information presented is not a recommendation to invest in any investments, securities or financial products.

This service, like all other financial services, is subject to market forces and unpredictable events that may adversely affect its future performance. Whilst all care has been taken in compiling information in this post, and is provided in good faith, it is not to be relied upon as a substitute for professional advice. The views expressed are commentary only and the writer accepts no responsibility for the accuracy, completeness or timeliness of the information.

Super Equity Pty Ltd ACN 609 373 202 is a Corporate Authorised Representative 001238425 of ANDIKA Pty Ltd AFSL 297069. It should also be noted that references and hyperlinks to any third party information (including, but not limited to: news articles, blogs, reports, videos or other mediums of information) is not an endorsement of that party or product.

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Stephen Hall
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September 21, 2023.
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jeff allott
June 22, 2023.
Sound knowledgeable and friendly service with advise tailored to my requirements
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Natalie Gaby
January 12, 2023.
I highly recommend Super Equity to anyone needing assistance or guidance with their Super. Tracy was very thorough and clearly explained how Super works and why she made particular recommendations for us. Her (and the team's) customer service is outstanding with being very personalised, and we look forward to a long working relationship with them.
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Charlie Gimblett
August 8, 2022.
A huge thanks To Tracy And Adrian from Super Equity for sharing their knowledge on the recent Introduction To The Stock market Course I attended. The course was fabulous and gave a great insight on how the world operates from Share Markets, to Economic Cycles, World Currencies and great tips on how to look for opportunities on how and where to invest based on local news and world events along with overseas markets and indicators. Also thanks again Adrian for the Silver coin for 1st prize as part of the demo share market game we played over the duration of the course. Would thoroughly recommend the Stock Market course as well Tracy and Adrian's knowledge on our own investments. Cheers Charlie
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April 29, 2022.
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