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The Good Morning Report

Posted on September 27, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. JP Morgan boss Jamie Dimon is starting to talk STAGFLATION.

2. Australian Agriculture (AAC)  is trading at a 50% discount to its NTA....Insane considering live cattle futures continue to make fresh record highs....AAC is a BUY last sale $1.305

3. New Hope (NHC) boss said insurers are 'mellowing' their attitude towards COAL miners in Australia....are they starting to cotton on that our high energy, low sulphur COAL is way better for the environment than the solar/wind/battery combos will ever be?

4.  The iShares 20 Plus Year Treasury Bond ETF just found a fresh low and has now tanked a whopping 50% over the past 3 years...sure bonds could have a bounce from here, but they are still a STRONG AVOID on my BOOK.

5. ANZ-Roy Morgan Consumer Confidence index fell 3.4 points last week....Aussie consumers still very pessimistic as inflation chews up spare cash.

ASX Market Update

ASX 200 down 38 points to 7038

SEV.EN Global Investments which is owned by a Czech billionaire, has bought a 51% stake in Coronado (CRN)...It is a joke that our Industry Super and other Aussie institutions gave up the chance to own a big piece of the pie at a very good price....CRN is one of the best exposures you can get to the growing Indian economy as they need metallurgical COAL to make steel. BUY last sale $1.88

Random Observation

Stupidity of the WEST on full display...

The Day Ahead

  • Our SPI is down 28 points
  • Bitcoin down 0.44% to $26,186

Movements affecting our resource stocks today (USD)

  • BHP in the US down 1.86%
  • Newmont down 2.78%
  • Gold down 0.92% to $1918
  • Paper Silver down 0.98% to $23.15
  • Platinum down 1.1% to $906
  • Copper down 0.7% to $3.64
  • Brent Crude up 0.8% to $94.04

Asian Market Update

Japan down 1.11%, China down 0.43% and Hong Kong off 1.48%

The law of probability would indicate that LITHIUM is due for bounce...

 

Global Market Update

US Market

DOW down 422 points to 33,586 (half hour to go)

The Volatility Index which is also known as the FEAR INDEX surged 14%....Consumer confidence figures  showed punters are feeling pessimistic which is not good considering consumer spending accounts for a whopping 70% of US economic activity.

European Markets

Germans off 0.97%, Brits FLAT and Frenchies fell 0.7%

AUTOS and TECH led the declines....The Brits managed to close FLAT as the pound sold off again (a weaker currency means higher profit margins for UK firms with foreign earnings).

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
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.
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October 13, 2016.
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Dianne Bentley
July 8, 2016.
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