The Good Morning Report

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. VLAD placed a temporary ban on DIESEL and GASOLINE exports to ensure supplies are plentiful for the Russian domestic market....Aussies have been complaining after filling up @ $2.20 per liter - hate to say this, but we ain't seen nothin' yet....$4...$6...$10 - anything is possible when the true energy crisis hits us one day (and it will).

2. Government bonds took another decent hit (yields jumped higher)...I'm seeing some signs that we are entering an era of STAGFLATION.

3. The Volatility Index (often known as the FEAR Index) in the US surged 15% overnight.

4. Looks like the AI hype train has come to be bit of a stop...Nvidia shares have fallen 16% from its high and Microsoft has pulled back 10%....I don't know about you, but I hardly hear anyone talking about ChatGPT anymore.

5. Lithium sold off again in China....where it stops is anyone's guess.  Hard to know if the market is oversupplied or undersupplied right now as I'm hearing both!

ASX Market Update

ASX 200 down to 7065

Our market had another decent touch up, but for us it wasn't that bad with some of your accounts even managing to squeeze out gains.... ETPMAG put on 1.08%, PMGOLD added 0.74% and Ramsay (RHC) increased 0.8%....Speaking of RHC - I wouldn't be surprised to see the old boy rally 30% from here. BUY

Random Observation

OIL is the BIG DADDY of the commodities market....

The Day Ahead

  • Our SPI is down 97 points
  • Bitcoin down 1.24% to $26,604

Movements affecting our resource stocks today (USD)

  • BHP in the US down 3.1%
  • Newmont down 1%
  • Gold down 1.3% to $1939
  • Paper Silver down 0.65% to $23.68
  • Platinum down 1.95% to $923
  • Copper down 2.25% to $3.69
  • Brent Crude down 0.37% to $93.18
  • Iron ore down 3.6% to $117.40

Asian Market Update

China down 0.77%, Hong Kong fell 1.29% and Japan off 1.3%

Electricity prices could go mental over the coming months if we get a cold winter in Japan, China and Europe....BUY WDS, STO, BPT, URNM, WHC & NHC for all your energy needs!

Global Market Update

US Market

DOW down 370 points to 34,070

Stocks, bonds and GOLD fell as money poured into the perceived safety of the USD...China and other EASTERN nations will continue to accumulate more GOLD from the sellers in the WEST.

European Markets

Germans off 1.33%, Brits dipped 0.69% and Frogs fell 1.59%

Overnight the Bank of England kept interest rates on HOLD @ 5.25%, but we saw the Swedes and Norwegian's both put through 0.25% hikes.

Key Market Summary

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Stephen Hall
Stephen Hall
September 21, 2023.
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June 22, 2023.
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January 12, 2023.
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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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October 13, 2016.
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