The Good Morning Report – 25th Jan

Happy Australia Day for tomorrow, hope you all enjoy the long weekend. There will be no morning report – I’m going surfing!

Have a go of this legend getting into the spirit…Hahahaha….Aussie Aussie Aussie!!!

1. The market has slashed expectations of a March rate cut in the US from an 85% chance to below 40%…..I don’t think we will see a cut.

2. China cranking up the money printer is good news for commodities.

3. Jack Ma and another founder of Alibaba have picked up $200 million worth of stock recently….Follow the money – BUY IZZ & ASIA.

4. Infection control products manufacturer Nanosonics (NAN) tanked 33% on a sales downgrade….But even after the fall I still see the stock as being very expensive.

5. QANTAS (QAN) is actually creaming it at the moment and the stock is only on a PE of 6. We could see a decent bounce higher in the short term – chart is telling me a move to $6.50 is on the cards. TRADNG BUY last sale $5.44

ASX Market Update

ASX 200 up 4 points to 7519

Nanosonics (NAN) shares were belted after announcing a downgrade. This stock has been super expensive for years so I have never gone anywhere near it. Even after the latest selloff it is still going to be on a PE of about 80 times….NAN blamed the slower than expected sales of it’s infection busting machine on budget cuts out of hospitals.

Yes indeed….

  • SPI is up 26 points
  • Bitcoin up 1.8% to $39,739
  • BHP in US up 1.7%
  • Newmont in US down 2.14%
  • Rio in London up 1.45%

Movements affecting our resource stocks today (USD)

  • Gold down 0.59% to $2013
  • Paper Silver up 1.5% to $22.80
  • Platinum up 0.6% to $910
  • Copper up 2.1% to $3.87
  • Brent Crude up 0.47% to $80.02
  • Iron ore up 2.6% to $135.15

Japan down 0.8%, China up 1.8%, Hong Kong rallied 3.56%

BUY PLATINUM (ETPMPT) as it is already in short supply and will be needed in catalytic converters for decades to come….Old mate Akio is not going to be wrong:

DOW FLAT @ 37,910 (with an hour to go)

Meta shares passed the $1 TRILLION market cap level….Meanwhile Zuckerberg is building a mega doomsday bunker on his property in Hawaii. These bunkers are all the rage among billionaires at the moment, but I’m sure us PLEBS have absolutely nothing to worry about – the Zombie Apocalypse is going to be great fun!

Germans down 0.34%, Brits FLAT and Frenchies down 0.34%

The fractional reserve banking system is so juiced up with leverage and banks are already sitting on massive unrealized bond losses – so if this is not a red flag then I don’t know what is….AVOID FINANCIALS

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