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The Good Morning Report

Posted on September 7, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Aussie savings rate hit a 15 year low....another RED FLAG.

2. Market definitely wasn't thrilled with Orora's (ORA) massive acquisition from a very crafty private equity seller. ORA closed 12% lower, at one stage it was down about 20% .....Private Equity firms are notorious for not leaving any value on the table for the next owner.  

3. Australian Agriculture (AAC) is being removed from the ASX 300 - this can explain some of the weakness in the share price as some fund managers are mandated to sell.....BUY last sale $1.31

4. Alan Joyce is set to pocket a cool $24 million exit fee for his troubles @ QANTAS.....Sort of reminds of the time when another foreigner, Sol Trujillo collected $11 million when he quit as Telstra CEO....Both leaders rubbed Aussies up the wrong the way and got stinking rich doing it. Just like with Sol, I doubt the welcome mat will be out for Alan in the future.  

5.  The BMW CEO is warning that they are going to struggle to compete against Chinese EVs which are 25% cheaper....Where ever you look - China is the massive winner as the WEST attempts to electrify everything.

ASX Market Update

ASX 200 down 57 points to 7257

According to the official stats, Australia is now in a per-capita recession which means that while the economy is growing, individuals are actually going backwards....Anyone that doesn't live in bubble fantasy land should probably have worked out that plenty of people are feeling the squeeze....Record immigration certainly helping our economy, but that is also adding to inflation particularly when it comes to housing....All and all, it is definitely not the time to be loading up on consumer discretionary stocks.

Random Observation

LOL!!....Many of the stocks going into this ETF have already been belted (Disney down 60% from high), so it could be a bit dangerous investing in it right now. However I do like the concept.

 

The Day Ahead

  • Our SPI is down 40 points
  • Bitcoin down 0.1% to $25,698

Movements affecting our resource stocks today (USD)

  • BHP in the US down 0.3%
  • Newmont FLAT
  • Gold down down 0.55% to $1941
  • Paper Silver down 1.75% to $23.45
  • Platinum down 1.8% to $916
  • Copper down 1.59% to $3.76
  • Brent Crude up 0.78% to $90.75
  • Iron ore up 1.1% to $116.25

Asian Market Update

China up 0.12%, Hong Kong FLAT, Japan added 0.62%

Looks like Xi Man has given the orders to properly PUMP the Chinese property market...

I believe this is what policy officials are going to remove/ease up on....

Global Market Update

US Market

DOW down 198 points to 34,443

US stocks fell for the third session in a row on fears that the FED will increase rates again. Apple dropped 3.58% and Tesla lost 1.78%

European Markets

Germans down 0.19%, Brits off 0.16% and Frenchies fell 0.84%

EU cutting deals to buy uber expensive GAS that will be shipped from the USA, while Xi Man gets this for his people....

Key Market Summary

General Advice Warning
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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.

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.

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June 22, 2023.
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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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