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The Good Morning Report

Posted on September 21, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1.US government bonds continue to sell off with the yield on the 10 year hitting the highest since 2007. (when bond prices fall the yield goes up)....Money is getting expensive and will stay that way for the foreseeable future.

2. Nickel prices just hit a 52 week low....Completely insane considering inventories are basically non-existent.

3. Ex Congressman Stephen Buyer was sentenced to 2 years for insider trading - there's another 20 or 30 of them that should be joining Stevo behind bars with Pelosi the worst offender.

4. Biden says that depleting the Strategic Petroleum Reserve is on the table in order to bring oil prices back down.....Dangerous game he is playing.

5. Lithium prices in China fell another 5.5% - hard to get a read on this market at the moment.

ASX Market Update

ASX 200 down 33 points to 7163

Our market continues to chop around as neither the bulls or bears manage to secure the upper hand....It was nice to see Stanmore (SMR) rally another 3.17% to $3.58 which is not far off all time highs. SMR is now up about 43% since July - so I guess you can see why I have been banging on on about it....Giddy up - we will be in blue sky soon!

###Blue sky is the term used when a stock breaks through to fresh all time highs.

Random Observation

Nickel prices down 35% since December while inventories have collapsed 84% over the past few years....LME is a SCAM market; baffled as to why mining executives play along and accept these prices when they could end it in a day by imposing a boycott. It's getting beyond a joke. 

The Day Ahead

  • Our SPI is up 24 points
  • Bitcoin FLAT @ $27,149

Movements affecting our resource stocks today (USD)

  • BHP in the US up 0.17%
  • Newmont up 1.81%
  • Gold up 0.46% to $1962
  • Paper Silver up 1.1% to $23.72
  • Platinum down 1% to $938
  • Copper up 0.3% to $3.75
  • Brent Crude down 0.88% @ $93.49
  • Iron ore up 1.6% to $122.10

Asian Market Update

Japan down 0.66%, China off 0.52% and Hong Kong fell 0.62%

 

Yep...Singapore has been the big winner since Xi Man took control of Hong Kong not long after the Wuhan Wheeze started spreading (The taking of Hong Kong was one of the most brilliantly executed plans of all time - Xi did it so easily, and even to this day no one really talks about it.)

Global Market Update

US Market

DOW down 76 points to 34,440

As widely expected the FED kept interest rates on HOLD, but Jerome Powell indicated there may be another HIKE before the year is up....Instacart shares fell 10% - those chasing the hype would be regretting their decision already; I think the stock is headed much lower.

European Markets

Germans up 0.75%, Brits added 0.93% and Frogs put on 0.67%

UK PM Rishi Sunak confirmed plans he is delaying the ban on the sale of petrol cars until 2035 - an extension of 5 years...I keep saying it, but Toyota is playing the best hand by not going all in on EVs....BUY PLATINUM (needed to make catalytic converters).

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.
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.
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October 13, 2016.
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