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The Good Morning Report

Posted on July 19, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. US Banks rallied strongly overnight after a few of them posting better than expected earnings....No one seems to care about the mega bond losses these banks are sitting on.

2. Market cap of APPLE is now over USD$3 Trillion. 

3. Lend Lease (LLC) is sacking 740 workers...Big property groups are feeling the squeeze.

4. India and the UAE have signed a deal to conduct trade in Rupees thus eliminating USD....de-dollarization is not a conspiracy theory.

5. NAB employees are getting a 17.5% pay rise over 4 years....inflation is really getting baked in now.

ASX Market Update

ASX 200 down 14 points to 7283

Ansell (ANN) fell 14% after informing the market there is now a glut of latex gloves and other protective garments because the COVID CLOWN SHOW has come to a screeching halt. ANN is going to be slowing down manufacturing and sacking a bunch of people in response to the falling demand....I think it is a great business, so to me this sell off is an opportunity: BUY last sale $23.88

Random Observation

 

The article indicates he was likely front running large orders, meaning him (probably via family related accounts) and his mates were getting set before executing block trades for their institutional clientele. Front running, which is an illegal practice, can be extremely lucrative....I bet they got busted after showboating one too many times - imagine how bloated their egos would have been.

The Day Ahead

  • Our SPI is up 33 points
  • Bitcoin down 0.28% to $29,792

Movements affecting our resource stocks today (USD)

  • BHP in the US up 0.25%
  • Newmont up 0.8%
  • Gold up 1.25% to $1980
  • Paper Silver up 0.9% to $25.25
  • Platinum up up 0.7% to $994
  • Copper up down 0.27% to $3.83
  • Brent Crude up 1.49% to $79.67
  • Iron ore up 1.2% to $113.70

Asian Market Update

Japan up 0.32%, China off 0.37% and Hong Kong dropped 2%

The Xi Man always said he did not want the next stage of China's economic development to be reliant on Real Estate, so anyone surprised by this has not been paying attention.

Global Market Update

US Market

DOW up 366 points to 34,951

US market traded higher on the back of stronger than expected earnings from BANKS....Morgan Stanley rallied 6.45% and Bank of America put on 4.42%

European Markets

Germans up 0.35%, Brits added 0.64% and Frenchies put on 0.38%

Ocado shares popped 19% on better than expected first half results and takeover speculation from Amazon.

If you haven't heard of Ocado then watch this video....Coles (COL) is saying it will have one of these centers up and running in NSW by 2024.

 

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
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.
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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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