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The Good Morning Report

Posted on September 26, 2023

The latest market news, commentary and strategy by Adrian Rowney 

You've got to watch this!!! Hahahahaha

5 Things that Grabbed my Attention

1. US Government bonds are continuing to sell off at the same time that debt is snowballing - can't see this being sustainable.

2. Director of KMD Brands (KMD) just bought $114K worth...KMD shares (owner of Ripcurl & Kathmandu) have tanked 50% since the end of 2021...Value fund manager Allan Gray has also been buying....Whilst I have an AVOID rating on retailers - there could be a good trade in this one from here.

3. Star Group (SGR) is in a trading halt pending a $750 mil capital raise to fix it's busted balance sheet...Who knows - I may even remove my long held AVOID rating as this capital raising could even mark the final capitulation.

4. QANTAS dipped again after announcing plans they will be spending a heap of money upgrading services and warning of a big jump with its fuel bill. While the stock is better value after the 23% pullback, I am keeping my AVOID rating on it for the time being.

5. The world's two largest URANIUM miners have no free supply until at lease 2027....Any dips in URNM will be a BUY.

ASX Market Update

ASX 200 up 7 points to 7076

On Friday the Costa (CGC) board agreed to Paine Schwartz's low ball takeover bid of $3.20...Very disappointing outcome for shareholders who will be giving up a heap of value up to this Wall Street private equity firm....SWITCH TO AAC.

'Scheme Implementation' is the perfect term because they are a bunch of SCHEMERS!

Random Observation

Newmont's giant Penasquito SILVER mine in Mexico is still shut due to strike action which began in June.....BUY ETPMAG

The Day Ahead

  • Our SPI is down 18 points
  • Bitcoin down 0.9% to $26,332

Movements affecting our resource stocks today (USD)

  • BHP in the US down 1.3%
  • Newmont down 1.15%
  • Gold down 0.56% to $1934
  • Paper Silver down 1.99% to $23.37
  • Platinum down 1.95% to $915
  • Copper down 0.7% to $3.66
  • Brent Crude FLAT @ $93.30
  • Iron ore down 4.2% to $116.05

Asian Market Update

Japan up 0.85%, China off 0.54% and Hong Kong fell 1.8%

There were major outflows of SILVER (about 10%)  from the Shanghai Futures Exchange last week.

 

Global Market Update

US Market

DOW FLAT @ 33,962 (half hour to go)

US government bonds were sold off yet again which pushed yields higher....The all important 10 year government bond hit the highest yield since 2007....The financial system is not going to be able to cope with BOND losses mounting on bank balance sheets.

European Markets

Germans fell 0.98%, Brits off 0.78% and Frogs fell 0.85%

The inner commie/socialist is really starting to show with these EU leaders....Scary stuff as supply would dry up if something like this was to be mandated.

Key Market Summary

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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.

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Excellent
Based on 9 reviews
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.