The Good Morning Report

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Chinese YUAN has now overtaken the USD as the most used currency for Chinese cross border trade....Xi Man is not mucking around.

2. META surged a whopping 13.9% overnight after posting better than expected earnings....Tech heavy NASDAQ closed up 2.43%....The SPI is indicating we will open 56 points higher this morning.

3. Our market is not pricing in anymore rate hikes out of the RBA this year, and a 50% chance of a cut around December.....I wouldn't get too excited - I think rates are going up this year.

4. The price of URANIUM is starting to edge higher....get ready - because I think it could takeoff. URNM is a BUY last sale $5.39

5. Lithium miner Alkem (AKE) is withholding spot sales into the Chinese market because they don't think prices are reflective of the underlying supply/demand fundamentals.....Wakey Wakey mining executives of COPPER/SILVER/NICKEL,TIN,ZINC & PLATINUM - this is how it's done!!

ASX Market Update

ASX 200 down 23 points to 7292

The big news was giant Japanese brewer, Kirin is taking over Blackmores (BKL) for $95 per share. Marcus Blackmore has accepted the deal so will be selling his 18% stake....Looks like Marcus has had enough after being forced to step back into a hands on role with the business and most recently going through a cancel campaign by the rabid woke left all because he plans on voting NO for the VOICE.....As for Kirin, well the Bank of Japan still has its interest rate set at minus 0.1%, so with all the cheep money sloshing around, acquiring a business with reliable offshore earnings makes plenty of sense...BKL closed 22% higher to $94.26 ....Will be a shame to see yet another iconic Aussie business depart the ASX.

My Japanese is a little rusty, but I think this is what the Boss of Kirin said about the exciting combination of the two business units...

"Let me tell you about the remarkable new breakthrough in health science...Studies show that drinking 6 to 12 beers everyday mixed with a cocktail of proprietary Blackmores vitamins, is a safe and effective way to becoming big and strong like Hercules!".

Random Observation

That NFT Bubble was hilarious....I still can't believe the ridiculous prices people were paying for cartoon drawings on the blockchain.

The Day Ahead

  • Our SPI is up 56 points
  • Bitcoin up 4% to $29,645

Movements affecting our resource stocks today (USD)

  • BHP in the US up 1.2%
  • Gold FLAT @ $1997
  • Paper Silver up 0.36% to $24.96
  • Platinum down 1% to $1094
  • Copper up 0.36% to $3.86
  • Brent Crude up 0.77% to $78.29
  • Iron ore down 1% to $104.56

Asian Market Update

Japan up 0.15%, Hong Kong added 0.42% and China put on 0.67%

We are seeing quite a few HISTORIC moments in 2023....

Global Market Update

US Market

DOW up 524 points to 33,826

The market was expecting a shocker but got the opposite out of META....Zuckerberg now has 2.99 bn active monthly USERS which generated $9.62 a pop....YEP - Instagram and Facebook are super addictive, which is why customers are called USERS.

European Markets

Germans FLAT, Brits dipped 0.27% and Frenchies added 0.23%

Deutsche Bank CFO told CNBC the 'bank has passed with flying colors' when referring to the recent crisis....Time will tell - but I remember hearing this kind of talk from bankers back before the GFC.....I maintain my AVOID on FINANCIALS

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.

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.