The Good Morning Report – 6th June

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. According to Bank of America, the AI hype is seeing the largest ever inflows of money into TECH stocks on Wall Street.

2. RBA meets today....I wouldn't be surprised if Dr Phil announces a hike of 0.25% to 4.1%.

3. Robert Shaw the founder of Perth based Daly and Shaw Building told the AFR this: 'We've  never  had  trade  issues  like  this,  we've  never  had  supply  issues  like  this  and  we've  never  had  cost  escalation  like  this  on  steroids'. 

4. Now watch this from our Orwellian Government Media about inflation - Alan is claiming "job done".....Yep, the job is done - the people have been screwed over via central bank money printing. A huge chunk of the purchasing power of our cash has now been lost forever.

5. Saudi Arabia has announced a 1 million barrel per day OIL production cut....Initially prices jumped but shorts gained control of the market again with BRENT OIL now only trading 0.4% higher....Intriguing battle going on as it would appear the US, via the PAPER FUTURES market and selling down its STRATEGIC RESERVES, is suppressing prices in an attempt to weaken Russia.

ASX Market Update

ASX 200 up 71 points to 7216

Following on from the massive session out of Wall Street last Friday, our market put on 1%....Surprisingly CONSUMER DISCRETIONARY was the best performing sector by adding 1.8% while TECH fell 1% and GOLDIES lost 1.3%.

Random Observation

I wouldn't rule it out!

The Day Ahead

  • Our SPI is down 40 points
  • Bitcoin down 5.86% to $25,622

Movements affecting our resource stocks today (USD)

  • BHP in the US down 1.4%
  • Newmont down 0.4%
  • Gold up 0.43% to $1978
  • Paper Silver down 0.35% to $23.65
  • Platinum up 3.12% to $1034
  • Copper up 1% to $3.76
  • Brent Crude up 0.4% to $76.40
  • Iron ore up 1% to $105.50

Asian Market Update

Japan up 2.2%, China FLAT, Hong Kong up 0.84%

Old Airbus Albo was in Vietnam on the weekend handing out $105 million of our money for some climate change slush fund....Not sure if he won any political points with the stunt back home, but over there he was a big hit.

"Now who's up for some beer pong?"

Global Market Update

US Market

DOW down 199 points to 33,562

APPLE shares hit a fresh all time high during the session after unveiling it's new headset that is priced at $3499....Punters will be queueing up to buy these things next year so they can blast whatever is going into their eyeballs. Optometrists must be salivating over this new TECH.


I think our Mums were onto to something.

European Markets

Germans fell 0.54%, Brits were FLAT and Frenchies dropped 0.96%

There is a bit of celebration that INFLATION in Europe is set to drop a fair bit.....In my view it will be temporary,  as this inflation is going to move in waves - just like in the 70's.

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.