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The Good Morning Report

Posted on June 1, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Aussie inflation came in at 6.8% vs 6.4% expected - which means the probability of the RBA increasing rates next month has also increased.

2. Overnight Nvidia's market value briefly cracked US$1 TRILLION....profit takers then moved in with the stock closing 4.5% lower.

3. Thermal COAL prices fell another 12% taking the loss from its high to 69%....This price action reminds me of what recently happened with LITHIUM which also fell around 70% before bouncing hard....I maintain my BULLISH view on YAL, WHC, NHC and SMR. 

4. Saudi Arabia needs at least an $80 OIL price to balance the books....With OIL trading @$72.71, there is a good chance of production cuts at the next OPEC meeting.

5. APRA has sounded the alarm on the heavy exposure banks and Industry Super have to falling commercial property prices....yep - pain is coming.

ASX Market Update

ASX 200 down 118 points to 7091

Our market got a bit of a touchup after inflation data came in well above what was expected. Financials fell 2% while the miners lost 2.2%. Helping our portfolios offset the heavy selling in most stocks was ETPMAG (SILVER in AUD) and PMGOLD (GOLD in AUD) both rallying 1.8%. 

Random Observation

PAPER or PRECIOUS METALS (PMs)?.....Currently the WEST loves PAPER while the EAST loves PMs....eventually both sides will be scrambling for PMs....How do I know?.... all fiat currencies revert to their intrinsic value which is basically ZERO, while PMs have never failed in history!

 

The Day Ahead

  • Our SPI is down 11 points
  • Bitcoin down 2.6% to $27,049

Movements affecting our resource stocks today (USD)

  • BHP in the US  down 1.4%
  • Newmont up 1%
  • Gold up 0.29% to $1982
  • Paper Silver up 1.8% to $23.66
  • Platinum down 2% to $1000
  • Copper FLAT @ $3.66
  • Brent Crude down 1.13% to $72.71
  • Iron ore down 0.96% to $103.5

Asian Market Update

China down 0.61%, Hong Kong off 1.9% and Japan fell 1.4%

Hong Kong is back into a BEAR market again....

Global Market Update

US Market

DOW down 131 points to 32,910

With Nvidia shares cracking the $1 Trillion mark, you have to wonder if competition for it's AI chips is going to come in hard.

European Markets

Germans down 1.5%, Brits off 1% and Frenchies dropped 1.54%

German inflation slowed from 7.2% to 6.1% - the massive pullback in prices of fossil fuels is behind it....I don't see Europe getting to enjoy this CHEAP energy over the long term without Russia.

 

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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
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.
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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.
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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!!
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July 8, 2016.
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