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The Good Morning Report

Posted on February 2, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. FED increased interest rates by 0.25% setting a target range of 4.5% to 4.75%.

2. Central Bank of Lebanon just devalued its currency by 90% Vs USD....See now why the EAST is loading up on GOLD?

3.  General Motors (GM) is investing US$650 mil into an American lithium miner.....race is on to secure long term supplies of key commodities.

4. According to Corelogic, Aussie home prices fell by 1% in January.

5. Norway's giant $US1.3 trillion sovereign wealth fund lost 14% or $164bn in 2022.

ASX Market Update

ASX 200 up 25 points to 7501

I decided to give the latest and greatest AI platform a run in order to see if I will be out of a job soon....I asked IT to do an ASX Stockmarket update:

Seems I am safe from the machines for the time being......Anyway - our market rallied due to the positive lead from Wall Street and optimism over the Chinese economy now that it has opened back up. RIO added 1.4%, Telstra put on 1.7% and FLT was the star after rallying 8% - as investors obviously like the new acquisition.

Random Observation

....but...but...you can't go wrong in property!

The Day Ahead

  • Our SPI is up 23 points
  • Bitcoin up 2.2% to $23,580

Movements affecting our resource stocks today (USD)

  • BHP in the US down 0.6%
  • Gold up 1.1% to $1967
  • Paper Silver up 1.09% to $24.09
  • Copper down 0.99% to $4.18
  • Brent Crude down 2.5% to $83.32
  • Iron ore up 2.4% to $126.33

Asian Market Update

China up 0.9%, Hong Kong added 1% and Japan was FLAT

Some big upgrades are coming in for the Chinese economy....

Global Market Update

US Market

DOW up 6 points to 34,092

Tech stocks took off after Jerome Powell only hiked rates by 0.25% and said the disinflationary process has started....Tesla shares surged another 4%:

European Markets

FTSE down 0.14%, DAX up 0.35% and CAC was FLAT

European markets were quiet as traders were waiting for the FED to announce interest rates before making any big moves.

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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June 22, 2023.
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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.
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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
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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.
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.
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