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The Good Morning Report

Posted on April 27, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Legendary investor Stanley Druckenmiller has only one high conviction trade on at the moment - short USD. Stanley is not your typical Wall Street shill (doing the opposite of what is told to the media), so he is actually betting against the USD; reason : he has never been this uncertain on the US and global economy in his 45 year career.

2. Aussie inflation rate came in at 7% over the March quarter....wage growth is 3.3%, so the average joe is getting poorer.

3. $100bn in deposits has left First Republic Bank (FRB)....safe to say that this crooked bank is toast....FRB has a dirty underbelly - see US Market Update for more.

4. Sonic Healthcare (SHL) is buying Medical Laboratories Duesseldorf for $298 mil. Looks like a great bolt on acquisition to capitalize on this boom in "BAFFLED" doctors sending their customers for every test under the sun...SHL will fund it via existing cash reserves and an already open debt facility. BUY last sale $35.73

5. Fox News just sacked it's best journo - Tucker Carlson.....I would definitely AVOID Fox News shares as it is getting more WOKE by the day.....Make sure you watch these 3 clips whereby Tucker drops truth bombs:

Tucker on the media complex....

Tucker on Blackrock, Goldmans and Zelensky.....

Tucker on Big Pharma/media....

 

ASX Market Update

ASX 200 down 5 points to 7316

It was not a bad session for us as a bit of money gravitated towards the GOLD sector....NCM put on 1.6% EVN added 3.5% and GDX increased 2%...I was a little surprised to see our banking sector holding firm considering the troubles in the US; investors thinking that our financial system will be immune to a US banking crisis are living in LaLa Land!

Random Observation

The price of sugar has bounced around 50% since November last year....According to TRADINGECONOMICS, key Asian sugar producing nations such as India, Thailand, China and Pakistan all experienced a tough season.

The Day Ahead

  • Our SPI is down 20 points
  • Bitcoin up 2.8% to $28,248

Movements affecting our resource stocks today (USD)

  • BHP in the US up 2.2%
  • Gold down 0.27% to $1999
  • Paper Silver up 0.31% to $24.96
  • Platinum up 0.41% to $1102
  • Copper down 0.21% to $3.84
  • Brent Crude down 3.76% to $77.73
  • Iron ore up 2.4% to $104.85

Asian Market Update

Japan down 0.71%, Hong Kong up 0.7% and China was FLAT

The fairies won't be generating all this electricity....GOT COAL???

Global Market Update

US Market

DOW down 228 points to 33,301

First Republic Bank shares tanked another 30% overnight....Watch this clip - why am I not surprised!

European Markets

Germans down 0.48%, Brits off by 0.49% and Frenchies fell 0.86%

European investors remain remarkably confident considering what is happening within its banking system - stocks only dipped a little bit overnight.

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.
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February 25, 2022.
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Tessa Daal
October 13, 2016.
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Dianne Bentley
July 8, 2016.
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