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The Good Morning Report

Posted on February 8, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1.  The RBA increased rates by 0.25% to 3.35%.

2. $350bn worth of fixed rates loans will roll over to variable this year - that's a stack of Aussies in the firing line.

3. US is slapping a 200% tariff on Russian aluminum....Maybe an opportunity for India to create yet another side hustle!

4. Barrick CEO says he is unlikely to make a BID for Newcrest....as if he would show his hand at this stage.

5. Molybdenum - which is a commodity used to strengthen steel, just hit a record high due to low supplies....NCM and RIO are the two notable producers listed on the ASX.

ASX Market Update

ASX 200 down 34 points to 7504

Our market rolled over after learning that Dr Phil plans on really sticking the boot into GEARED UP AUSSIES... and can you believe he is thinking this high inflation will be 'temporary'?....We are going to see waves of high inflation just like in the 70's.

Random Observation

What?....Only 500% is that all!?!....HAHAHA - GOT GAS?? Well do ya?

This is coming at a time when BIG OIL is cutting CAPEX and pumping their surplus funds into share buybacks....The ERA of CHEAP energy is OVER.

The Day Ahead

Results from AMC, BLD, BWP, DXI & SUN

  • Our SPI is up 13 points
  • Bitcoin up 0.3% to $23,003

Movements affecting our resource stocks today (USD)

  • BHP in the US up 1.18%
  • Gold FLAT @ $1881
  • Paper Silver down 0.4% to $22.15
  • Copper down up 0.72% to $4.06
  • Brent Crude up 3.5% to $83.86
  • Iron ore down 1.9% to $120.5

Asian Market Update

China up 0.29%, Hong Kong added 0.36% and Japan was FLAT

Got COKING COAL?....The world needs hundreds of millions of tons of COKING COAL to make all the steel for the new EVs.

Then to charge up the batteries, the world needs billions of tons of THERMAL COAL...I don't think the ultra woke, inner city TEAL voters that demand we end COAL actually realize their luxurious lifestyles depend on the stuff! And I promise you - NONE of them will give up a thing.

BUY YAL, SMR, NHC, WHC & CRN.

Global Market Update

US Market

DOW up 265 points to 34,156

FED Chair, Jerome Powell made more comments that inflation was on the decline; the market liked the sound of that so stocks went up....I predict any pullback in inflation will be temporary. The transition to renewables alone guarantees sky high energy bills, plus the FED will have to start printing money again to fund the country....Things aren't going back to how they were.

European Markets

Brits up 0.36%, Germans dipped 0.16% and Frenchies were FLAT

Another resource rich nation siding with the BRICS....

 

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.

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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Stephen Hall
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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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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.
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