The Good Morning Report

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. US inflation came in at 6.4% - slightly higher than expected.

2. Biden administration announced it is going to SELL a further 26 million barrels of OIL from its STRATEGIC RESERVE - this would be to counter Russia's decision to cut production by 500K barrels per day.....The draining of emergency OIL reserves to keep a lid on prices is not going to work in the long run...I remain BULLISH on OIL.

3. Star Group (SGR) hit another fresh all time low.

4. JB HiFi (JBH) is expecting a slowing of sales this half....Looks like Aussies are beginning to tighten their belts.

5. SQM research points to rents in Sydney rising by 29.6% over the past 12 months with BrisVegas and Melbourne up 24.8% each....Well done RBA - you guys have certainly screwed over a big chunk of the population.

ASX Market Update

ASX 200 up 13 points to 7430

Star Group (SGR) shares were once again the worst performer as it fell another 13.5% to a fresh all time low of $1.285. SGR's debt is now higher than it's market capitalization - which means bankers would be getting nervous -  so a highly dilutive capital raising is likely to be on the cards. I am going to continue to let this one go through to the keepers.

Just incredible how a pathetic board of lifestyle directors caused so much carnage by simply turning a blind eye....All they did was focus on this woke Net Zero/ESG nonsense. 

#NET ZERO = SCAM....CO2 emissions bringing on warmer weather is one of the greatest lies of all time; has everyone forgotten that CO2 is an invisible gas that creates the bubbles in soft drink, beer and champagne???

Random Observation

I cut this chart from ZEROHEDGE...The US now has the DOUBLE WHAMMY  of  record CREDIT CARD DEBT with an extremely low savings rate. 

Looks like a giant set of jaws ready to CHOMP the economy.

The Day Ahead

HUGE day of reporting: COH, CBA, CTD, FMG, PGH, TWE,WES, RBL, GUD, SGH, VCX, FBU

  • Our SPI is down 19 points
  • Bitcoin up 2.6% to $22,029

Movements affecting our resource stocks today (USD)

  • BHP in the US was up 0.31%
  • Gold FLAT @ $1865
  • Paper Silver FLAT @ $21.84
  • Copper up 0.7% to $4.08
  • Brent Crude down 1% to $85.69
  • Iron ore up 1.7% to $122.45

Asian Market Update

Japan up 0.64%, Hong Kong down 0.24%, China added 0.28%

Meanwhile the Bank of Japan continues to digitally print copious amounts of YEN to buy stocks in order to artificially prop up the stock market; but that's legal manipulation because the GOVERNMENT is doing it...Comprendo?

Global Market Update

US Market

DOW down 194 points to 34,058 (an hour of trade to go)

Stocks and bonds came under a little bit of selling pressure with inflation coming in higher than expected....No worries for TESLA - it rallied another 4.3% - squeezing the shorts again.

European Markets

Germans down 0.11%, Brits and Frenchies were FLAT

European stocks gave up some earlier gains once the higher than expected US inflation data was released.

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.

Stephen Hall
Stephen Hall
September 21, 2023.
Tracy & Adrian's knowledge/experience with financial markets, greater global & domestic political/economic impacts & individual companies/stocks is not just unique & refreshing, but also gives great peace of mind. Having a team this capable taking care of your hard earned to help avoid knowable negative impacts, and/or take advantage of opportunities well ahead of time is like nothing I've experienced before. Could not recommend highly enough. Subscribe to Adrian's newsletter too if you want a no B.S. commentary that is unlike the sanitised drivel coming from mainstream financial reporting.
jeff allott
jeff allott
June 22, 2023.
Sound knowledgeable and friendly service with advise tailored to my requirements
Natalie Gaby
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.
Charlie Gimblett
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
Leigh P
Leigh P
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.
Lena Diez
Lena Diez
February 25, 2022.
My husband and I have had the privilege of receiving the guidance, services and support from Tracy for over 5 years. Having joined Super Equity has been one of the best financial decisions we have made to date. Tracy's extensive experience and knowledge has guided and helped us improve in our financial journey. No question is to silly, Tracy is always available for any query you have and gives us the time to explain our portfolio and investments. Receiving the daily morning reports has been helpful to understand and learn the market. We have always highly recommended and will not hesitate to recommend Tracy and team for any and all financial guidance. Thank you Tracy and look forward to your continual support.
Tessa Daal
Tessa Daal
October 13, 2016.
Tracy has been an amazing teacher. I have gone from having no idea about what my super was doing and feeling really overwhelmed by the thought of all that it involved, to now being in control and understanding. Through super equity's I have a transparent, easy to understand managed fund. Tracy has even put me into contact with advisors specialised in life insurance and income protection. I cannot thank Tracy enough for empowering me and helping me organise all my affairs. If you need someone patient an knowledgeable to organise your super and investment portfolio, Tracy is the best!!
Dianne Bentley
Dianne Bentley
July 8, 2016.
The service and support received from Super Equity has reached and surpassed all our expectations. Having previous experience with stock brokering firms over an 11 year period has highlighted to me how superior the service and support received from Tracy Askew at Super Equity is. For myself and for my clients. Tracy's in depth fundamental and technical knowledge in all areas of the market reduces many hours of my time in the research needed to be successful and profitable for myself and my clients.