The Good Morning Report – 16th November

The latest market news, commentary and strategy by Adrian Rowney 



5 Things that Grabbed my Attention

1. Nufarm (NUF) shares rallied 8% after the CEO said the outlook for the company is strong....My hunch was right.

2. US CPI or inflation came in below expectations mostly due to a 34% plunge in healthcare insurance....the data is total BS as no Americans enjoyed a 34% cut - the government conjured up a new phony way to measure it.

3. For those thinking that coking coal won't be needed in the years to come to make steel are living in a delusional, alternative reality....GLENCORE (who are no dummies) just bought TECK's steel making coal division for A$14bn.

4. The Japanese economy contracted by 0.5% in the third quarter compared to the previous quarter....So that's another economy suffering from STAGLFATION (rising prices + falling economy).

5. XMET gives you exposure to the world's leading miners of such critical metals as copper, nickel, cobalt, graphite, lithium, manganese, silver and rare earth elements. BUY

ASX Market Update

ASX 200 up 95 points to 7105

Aussies piled into stocks after the strong surge from Wall Street. One that didn't rally was Karoon (KAR) - have a go of this dodgy trading action:

At 9.16am (before the market opened) the AFR behind their paywall, ran a story that KAR was doing a capital raise. KAR didn't stop trading until 10.29am and after it had fallen 10% on volume of 3.3 million shares.

The market wasn't informed at all of this major transaction that Macquarie was raising funds for.  Institutions that sold to joe public would've known they were going to get the shot to buy back shares in KAR at a cheaper price via the capital raising, as Macquarie would have told them the price.

Meet Simple Jack, Macquarie's new head of compliance...."Karoon  rhymes  with  Cameroon"

Random Observation

Have a go of this...LOL!!

The Day Ahead

  • Our SPI is down 17 points
  • Bitcoin up 6.5% to $37,637

Movements affecting our resource stocks today (USD)

  • BHP in the US was FLAT
  • Newmont up 0.9%
  • Gold FLAT @ $1965
  • Paper Silver up 1.7% to $23.53
  • Platinum up 1% to $901
  • Copper up 0.84% to $3.71
  • Brent Crude down 2% to $80.81
  • Iron ore up 1.2% to $129.70

Asian Market Update

Japan up 2.52%, Hong Kong surged 3.92% and China put on 0.55%

Xi Man touched down in San Francisco and was met by US Treasury Secretary Janet Yellen plus the uber corrupt Gavin Newsom with his hot wife....I was certainly surprised to see the Yanks wheel out these three for the reception!

"Welcome... now  President  Xi,  we  need  to  talk  about  US  Treasuries - it's  truly  not  the  largest  PONZI  scheme  in  human  history, honest  to  God...Oh...and  stay away  from  GOLD as  that's  for  the  conspiracy  theorists"

Global Market Update

US Market

DOW up 163 points to 34,991

This has made Tracy @ SuperEquity happy as she recently became bullish on Block Inc (owner of Square). The stock trades on the ASX under the code SQ2 - last sale $85.74. It traded @ $194 in 2022 so she thinks there is a good chance of a bounce back to at least $130 in the medium term.

Follow the money: BUY

European Markets

Germans up 0.86%, Brits added 0.62% and Frenchies put on 0.33%

There was a bit of celebration in the UK as inflation dropped down to 4.6% in October - much lower than expected....To me, it is all a lie - prices permanently transitioned to a higher level, so while inflation has cooled the purchasing power of money has been significantly depleted. Government's across the West have pulled off the greatest wealth heist in history, yet only a small portion of the population realize what they have done.

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.

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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.