The Good Morning Report

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) 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.

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Stephen Hall
Stephen Hall
September 21, 2023.
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June 22, 2023.
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Natalie Gaby
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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April 29, 2022.
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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!!
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July 8, 2016.
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