The Good Morning Report

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. Origin (ORG) boss said electricity prices are going to jump by at least 20% in July....Yet GAS and COAL prices have plunged!...Clear as day that the inefficient renewables messing with the grid are the culprit.

2. The majority of economists are predicting the RBA will start cutting rates in 9 to 12 months time....Don't get excited - I think it is a TRAP to get investors loading up on BONDS.

3. Looks like the Albo regime is coming for FRANKING credits next.

4. Major shareholder in AGL, and Tech billionaire Mike Cannon-Brookes bought another property right on Pittwater’s western shores - absolute beach front....Yet these GLOBALISTS/LEADERS of the CLIMATE CULT want you to believe in CATASTOPHIC rising sea levels....Why do they get given the time of day??????

5. Check out the FTX black hole....crypto world is just riddled with scammers.

https://twitter.com/grdecter/status/1632857481545121792?s=12&t=j_WRmAVjeLm6jJM5QYjaog

 

ASX Market Update

ASX 200 down 56 points to 7307

Our market rolled over after the very weak lead from Wall Street....Woodside (WDS) was one of the worst performers- falling 7.3% or $2.72, but it also went EX Dividend of $2.11 fully franked  (about $3.00 grossed up) - so in reality it wasn't a bad session for shareholders...Elsewhere travel related stocks rallied as Aussies with seemingly endless amounts of cash go exploring around the world. QAN added 2.8%, WEB put on 1% and FLT increased 1.3%.

Random Observation

Got Copper?

These lunatics are going to trash the planet under the guise of saving the planet....Any legit greenie would be up in arms over this (where are they?????)

I can guarantee you the cost of the project will blow out, our grid will become unstable and electricity prices will increase....Laugh all you like and send me emails about how I am wrong - but I base my predictions on what has already happened in the UK, Germany and California.

The Day Ahead

  • Our SPI is up 24 points
  • Bitcoin down 0.6% to $22,003

Movements affecting our resource stocks today (USD)

  • BHP in the US up 1.6%
  • Gold FLAT @ $1818
  • Paper Silver down 0.4% to $20.10
  • Platinum up 0.48% to $940
  • Copper up 1.3% to $4.02
  • Brent Crude down 0.9% to $82.50
  • Iron ore down 0.2% to $126.75

Asian Market Update

Japan up 0.48%, Hong Kong down 2.35% and China was FLAT

It's really starting to happen now....

Global Market Update

US Market

DOW down 57 points to 32,798

US stocks steadied overnight...Tech even enjoyed a little bounce with the NASDAQ closing 0.4% higher.

European Markets

Germans up 0.46%, Brits added 0.13% and French dipped 0.2%

Adidas shares fell another 2.3% overnight....

Key Market Summary

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Stephen Hall
Stephen Hall
September 21, 2023.
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June 22, 2023.
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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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