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The Good Morning Report

Posted on May 8, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. APPLE iPhone sales increased in the past quarter.....NASDAQ up 2.25% on the excitement of people still buying phones on credit.

2. US posted better than expected employment data while at the same time the big corporates have been announcing huge layoffs...Something is not adding up.

3. If you haven't been watching Pauline's cartoon series then you are missing out....This one on Chalmers and the budget is absolutely brilliant!

4. Meme coins are back with a vengeance....Sponge Bob token surged 600% and the PEPE coin skyrocketed in its first week - now has a market cap of $1.4bn....Seems like there is an endless source of suckers!

5. M&A is picking up in the GOLD sector...I think Regis (RRL) could be the next target. The RRL board definitely needs to be put out to pasture considering they still have 145K oz of GOLD hedged at AUD$1541 per ounce Vs AUD GOLD currently fetching around $3000. And what's worse - their cost of production is above $1800, which means they are currently selling a quarter of their GOLD significantly below cost; they are a bunch of dummies easily influenced by con artist bankers....BUY 

ASX Market Update

ASX 200 up 26 points to 7220

Apart from NAB, bank stocks found a bit of support on Friday....I don't think there is any bargains to be had as the downside risks in the sector far outweigh the upside....NAB fell 0.5%, ANZ up 1.45% and WBC put on 0.47%

Random Observation

And want to know what makes this chart even better?....Global GDP has basically tripled in 25 years - therefore the current low levels of inventories are even more extreme than back then!

The Day Ahead

  • Our SPI is up 64 points
  • Bitcoin up 2.58% to $29,618 (Saturday morning price)

Movements affecting our resource stocks today (USD)

  • BHP in the US was up 4.49%
  • Gold down 1.5% to $2024
  • Paper Silver down 1.13% to $25.93
  • Platinum up 1.75% to $1068
  • Copper up 0.75% to $3.89
  • Brent Crude up 4% to $75.30

Asian Market Update

Japan up 0.12%, Hong Kong added 0.5% and China fell 0.82%

Better session for commodities in China on Friday....

Global Market Update

US Market

DOW up 546 points to 33,674

US stocks took off on the back of better than expected quarterly profit results from APPLE and the strong jobs number....APPLE shares are almost back trading at records highs - market cap is now an eye popping US$2.76 Trillion.

European Markets

Germans up 1.44%, Brits added 0.98% and Frenchies put on 1.26%

Adidas shares rallied 9% after posting quarterly profit results that BEAT expectations....The sneaker giant is still trading around 45% lower than its all time high reached in 2021.

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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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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.
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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.
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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!!
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July 8, 2016.
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