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The Good Morning Report

Posted on June 9, 2023

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Many public figures have come out saying Dr Phil of the RBA has lost the plot and is now damaging our economy....No....this has all been years in the making. The madness started when he cut rates all the way down to 0.1% and digitally printed $300bn thus setting the mother of all traps for middle class Aussies and small/medium business....I saw right though the stitch up from the beginning which is why I was banging on the table to fix your mortgage for as long as possible.

2. Westpac said calls to its hardship hotline are increasing....AVOID financials.

3. Consumer discretionary stocks continue to slide - definitely no reason to be in the sector.

4. Bank of Canada increased interest rates by 0.25% to 4.75%...central banks have been operating in lockstep.

5. Eurozone has now entered a recession.

ASX Market Update

ASX 200 down 18 points to 7099

Consumer discretionary stocks were among the worst performers as investors start realizing the average Aussie doesn't have a fat stack of cash lying around anymore.  PMV fell 3.25% ADH dropped 4.9% and BBN lost 8.79%

On the positive side, and good for us - COAL stocks were well bid: NHC rallied 8.6% WHC put on 5.5% and YAL added 4.4%

Random Observation

The US Strategic Petroleum Reserve was set up just incase war breaks out, yet the Biden administration has been ignoring its original purpose by offloading a big chunk of it to the Chinese....American's that are paying attention are filthy beyond belief - and rightly so....BUY OIL.

The Day Ahead

  • Our SPI is up 26 points
  • Bitcoin up 26 points to $26,540

Movements affecting our resource stocks today (USD)

  • BHP in the US up 2.18%
  • Newmont  up 0.32%
  • Gold up 1.12% to $1980
  • Paper Silver up 3.64% to $24.39
  • Platinum down 1% to $1014
  • Copper up 0.84% to $3.78
  • Brent Crude down 1.75% to $75.60
  • Iron ore up 2.2% to $110.20

Asian Market Update

Japan down 0.85%, China up 0.49% and Hong Kong added 0.25%

While most central banks are hiking rates in lockstep, there is talk that the People's Bank of China is going to CUT. 

Global Market Update

US Market

DOW up 168 points to 33,833

The volatility index (VIX) which is also known as the FEAR INDEX fell another 2% last night and is now trading at 13.65....This basically means investors/traders hardly have a care in the world right now - not me though: my gut is churning!!

European Markets

Germans up 0.18%, Brits dipped 0.32% and Frenchies put on 0.27%

With two quarters of falling output the Eurozone has technically entered a recession.....The middle class is currently suffering from STAGFLATION (falling economy, rising prices).

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.

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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.
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jeff allott
June 22, 2023.
Sound knowledgeable and friendly service with advise tailored to my requirements
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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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February 25, 2022.
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