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The Good Morning Report

Posted on May 23, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. The boss of Oil and GAS giant Exxon said he wants to get into the LITHIUM market....That's good news for the Aussie producers; my preferred picks are PLS, MIN, IGO and CXO. 

2. Volumes on the ASX have dropped right off.

3. People creating adverts need to reskill due to AI....Watch this clip: 'Planet  Mountain  Dew,  the  place  where  all  your  dreams  come  true' ...hahaha!....PepsiCo should run with it.

4. As ultra low fixed rate mortgages roll over to significantly higher variable rates, we will see a growing number of economic zombie households (existing just to pay debt)....Consumer non-discretionary stocks are vulnerable to a slow down in spending as a result, unless migrants, tourists and cashed up baby boomers can pick up the slack.

5. EFTPOS terminal operator TYR fell 16%  after Potentia Capital withdrew its takeover bid....This follows on from Westpac pulling its takeover bid for TYR last December... I have had an AVOID on the stock since the IPO as I thought the payment system was nothing special and will likely be replaced by something better in the future.  TYR shares are now down 70% since 2021.

ASX Market Update

ASX 200 down 16 points to 7263

New Hope (NHC) released its quarterly activities report and I tell you what - the company is still raking it in. NHC has also restarted selling to the Chinese, so with increased competition for export quality COAL I wouldn't be surprised to see prices head higher over the next 6 months... BUY last sale $5.15

Random Observation

The current SOLAR BOOM will eventually trigger the mother of all SILVER BOOMS...

The Day Ahead

  • Our SPI is up 11 points
  • Bitcoin down 0.4% to $26,800

Movements affecting our resource stocks today (USD)

  • BHP in the US was FLAT
  • Newmont down 0.76%
  • Gold down 0.37% to $1974
  • Paper Silver down 1.12% to $23.79
  • Platinum up 0.17% to $1077
  • Copper down 1.49% to $3.67
  • Brent Crude up 0.62% to $76.05

Asian Market Update

Japan up 0.9%, Hong Kong put on 1.17% and China added 0.32%

The People's Bank of China (PBOC) kept interest rates on HOLD. The one year lending rates sits at 3.65% and the 5 year is 4.3%....The PBOC never got into that crazy game of cutting rates to ZERO or negative.

Global Market Update

US Market

DOW down 140 points to 33,286

DOW closed lower while the Tech heavy NASDAQ put on 0.5% as investors continue to get excited by AI.

European Markets

Brits up 0.18%, Germans off 0.32% and Frenchies down 0.18%

And can you believe this little tyrant has the gall to say China is increasingly 'AUTHORITARIAN' when he was behind shutting down UK businesses, coercing citizens to take the now proven poisonous vaccines and restricting movements. Plus did you know he made millions off Moderna shares - yeah you heard that right....They got obscenely rich and powerful while you got sick. In a real and just world the instigators like him would be in prison facing charges of crimes Vs humanity.

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
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September 21, 2023.
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June 22, 2023.
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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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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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