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The Good Morning Report

Posted on May 30, 2023

The latest market news, commentary and strategy by Adrian Rowney 

 

5 Things that Grabbed my Attention

1. For the next 2 years the debt ceiling in the US will be UNLIMITED.

2. Copper output from Codelco which is the world largest miner, has hit a 25 year low....One day COPPER will start going gangbusters. BUY WIRE.

3. The major shareholder in Lark (LRK) just picked up another 870K shares or $1.5 million worth on market....Follow the money: BUY

4. Market is pricing in a 65% chance that the FED increases rates next month by 0.25%.

5. UK PM Rishi Sunak is drawing up plans for supermarkets to put price caps on food....Insanity - caps lead to shortages.

ASX Market Update

ASX 200 up 62 points to 7217

Our market rallied as US debt ceiling negotiators came to an agreement. Both banks and resources got some buying interest - NAB put on 1.3%, BHP up 1.4% and LYC added 3.8%

Random Observation

You could buy airline stocks, or alternatively you could buy OIL....I'm going with OIL.

The Day Ahead

  • Our SPI is down 8 points
  • Bitcoin up 0.44% to $27,690

Movements affecting our resource stocks today (USD)

  • BHP in the US  SHUT
  • Newmont SHUT
  • Gold down 0.1% to $1961
  • Paper Silver down 0.21% to $23.31
  • Platinum up 0.29% to $1030
  • Copper up 0.26% to $3.67
  • Brent Crude up 0.1% to $77.03

Asian Market Update

Japan up 1%, China added 0.28%, Hong Kong fell 1%

Iron ore bouncing back a bit...

Global Market Update

US Market

DOW SHUT FOR MEMORIAL DAY

European Markets

German down 0.2%, Brits up 0.74%, Frenchies fell 0.21%

Hats off to FINLAND which now has an abundance of base load 24 hour power for its people!

Key Market Summary

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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.

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September 21, 2023.
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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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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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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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