The Good Morning Report – 21st March

1. AFR reported that corporate insolvencies spike to the highest in a decade – retailers, construction and hospitality were the hardest hit….The ATO put many of them under as small business really struggles to cough up obscene amounts of tax levied. It makes me sick seeing our political elites SWANNING around while good people trying to make a quid get sent to the wall….BIG GOVERNMENT IS LIKE A HIDEOUS CANCER ON US ALL.

2. Bank of Japan (BOJ) announced it is no longer going to be buying ETFs and REITS.

3. Chinese industrial production came in way higher than expected the other day….It appears to me that China is benefiting greatly from the de-industrialization of Europe.

4. Stocks on Wall Street took off as the FED indicated 3 rates cuts were coming this year….FED kept interest rates in the US on HOLD @ 5.5% as widely expected.

[wpuf_partial_restriction roles=” ,editor,author,contributor,subscriber,wpseo_manager,wpseo_editor,translator” ]

5. Bank of America (BoFA) says the most crowded trade is LONG the “Magnificent 7” followed by SHORT China Equities….I am very happy with that as both of those trades can reverse quickly! BUY ASIA and IZZ.

ASX 200 down 7 points to 7695

I should’ve had the day off because it was an absolute snooze fest – see below for the performance of the major sectors by the afternoon….

It’s wild how punters put their life savings on BITCOIN.…I could never do it.

Just the other day it flash crashed down to $8900. WILD STUFF!

  • SPI is up 54 points
  • Bitcoin up 2.6% to $66,446
  • BHP in US up 2%
  • Newmont in US up 2.2%
  • RIO in London up 1.69%

Movements affecting our resource stocks today (USD)

  • Gold up 1.2% to $2185
  • Paper Silver up 2.13% to $25.67
  • Platinum up 1.14% to $911
  • Palladium up 3.26% to $1030
  • Copper up 0.38% to $4.09
  • Brent Crude down 1.4% to $86.16
  • Iron ore down 1.3% to $105.25

Japan up 0.66%, Hong Kong FLAT & CHINA up 0.55%

Even after the rate hike by the Bank of Japan, the YEN has continued to weaken….Below is a table of the major crosses. The YEN is down across the board while the other major currencies experience strength as indicated…..For Japan this means even more inflation/stagflation as imports become more expensive.

On the positive site – a holiday in Japan has become a fair bit cheaper….

DOW up

Traders were fizzing at the prospect of 3 future rate cuts at a time when government debt is increasing by $1 Trillion every 100 days….Analysts say they are baffled by the strength of GOLD – I’m actually baffled it is not 3 times higher already!!

“Sorry POORS, this is for my WALL STREET HOMIES only”

GERMANS up 0.15%, BRITS FLAT, FRENCHIES off 0.48%

These warmongers have lost their minds and this action would set a very dangerous precedent. As per usual the exact opposite would be true as Europe would become a more dangerous place to live….

[/wpuf_partial_restriction]

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.

TERRY CONWAY
TERRY CONWAY
July 9, 2024.
I've been receiving Tracy and Adrian's Good Morning Report for about 5 years now. Apart from it being my fav email to read each morning, it's given me good knowledge and tips leading to great investments. This proof in their expertise lead me to put my super with them 3 years ago and I'm pleased I did. Their easy going attitude and values align with me and they are a pleasure to deal with. Thanks Super Equity!
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.