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The Good Morning Report

Posted on June 13, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. US market is only pricing in a small chance the FED will hike interest rates tomorrow....Tech stocks surged, OIL fell 4% on a GOLDMANS downgrade.

2. Westpac (WBC) announced it has punted 300 people from its business and retail unit....Don't be surprised if this is just the beginning.

3. Newmont was forced to shut its massive Penasquito SILVER mine in Mexico after workers went on strike demanding more money....This mine accounts for 3% of total supply.

4. Palaszczuk is planning on shutting down 5 of our coal fired power stations by 2035 and replacing it with 2 renewable energy pumped hydro plants.....Not only is this an act of environmental vandalism but an economic one as well....Yesterday was overcast with no wind - which would have translated to no power....We are living in an alternative reality.

5. Larry Fink who is the CEO and co founder of Blackrock  has sold a heap of stock lately....red flag?

ASX Market Update

ASX was SHUT for the inaugural King Charles Sausage Sizzle @ Bunnings.

Random Observation

Another one for the 'PUTIN IS ISOLATED' file....

The Day Ahead

  • Our SPI is down 11 points
  • Bitcoin was FLAT @ $25,968

Movements affecting our resource stocks today (USD)

  • BHP in the US down 0.27%
  • Newmont  up 1.27%
  • Gold down 0.25% to $1971
  • Paper Silver down 1% to $24.15
  • Platinum down 1.6% to $996
  • Copper down 1% to 3.75
  • Brent Crude down 4% to $71.81
  • Iron ore down 3% to $109.25

Asian Market Update

China and Hong Kong FLAT, Japan up 0.52%

This is a rate cut for savers only....Xi Man wants some of those savings moved into the real economy.

Global Market Update

US Market

DOW up 189 points to 34,066

Stocks headed north on the view that the FED will not be raising interest rates tomorrow....Tech was the standout.

European Markets

Brits up 0.1%, Germans up 0.93% and Frenchies added 0.53%

Another positive session in Europe as falling OIL prices translated to confidence from investors that inflation is headed much lower....Let's see what happens this winter.

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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.
Tracy has been a pleasure to deal with. Found her very approachable and patient. She is very knowledgeable in super funds and I would highly recommend her to anyone who needs more education on how to make their super work for them.
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February 25, 2022.
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October 13, 2016.
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July 8, 2016.
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