The S&P/ASX200 is maintaining its revival today, up another 39.50 points to 7,478.40 despite reports Covid can make your penis shrink.

The index finally crossed above its 125-day moving average around the same time urologists in the UK confirmed “Covid d*ck” is a real phenomenon.

Unlike the anonymous man complaining to the Sun, the index has gained 1.63% over the past five days and hunting down its 52-week high.

That followed relative calm on global markets overnight, given US inflation data came in with a 7% year-on-year pop — the highest level since 1982.

Core inflation also came in slightly above expectations at 5.5%, although the monthly pace of headline inflation growth slowed slightly in December to 0.5% (down from 0.8%).

Bond market selloff? Nope. Bitcoin crumbling? It actually re-tested the US$44,000 mark after briefly dipping below US$40,000.

All seems well enough. Unless you’re one of almost five per cent of men with a smaller tockley after suffering from long Covid, according to the University College London study.

It’s real.

Back home, and casually lobbing in today was Goldman Sachs, with a memo from Paul Young saying Australia’s big miners BHP, Rio Tinto and South32 are big buys right now as bullish conditions for commodities emerge again in 2022.

Goldman’s iron ore estimate for the June quarter is US$125/t due to seasonal weakness in Brazilian and Australian production and rebounding Chinese steel output.

Not so hot – Fortescue. GS is in line with Morningstar, RBC and Citi, who all see Twiggy’s green energy business, Fortescue Future Industries, as a profit-eater.

Here are today’s other winners and losers on the ASX so far….

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for January 13 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

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Carnaby Resources’ (ASX:CNB) red-golden run continued after it announced new drilling results from ‘Lady Fanny’ which included a highlight 27m @ 2.8% copper and 0.8 g/t gold.

Those kind of results “really demonstrate the untapped potential of the greater than 5km long IOCG corridor that is rapidly emerging within the Greater Duchess Copper Gold Project,” CNB managing director Rob Watkins says.

IOCG, if proven, is pretty much a byword for “massive” in orebody language. And don’t traders know it – CNB stormed up another 37 per cent today to $1.70.

Less than a month ago, shares were trading at 27 cents.

Traders also loved a bigger offer for Crown Resorts (ASX:CWN), sending it up 8.94% after Blackstone revalued it at $13.10 (currently sitting at $12.56).

 

ASX SMALL CAP LOSERS

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One noteworthy loser – Ai-Media Technologies (ASX:AIM), down 3.20% after investigators noticed this timestamp in the corner of that video:

Picture: Channel 7

AIM provides the captions for the news service, and may be in some way responsible for the leak of the video. Ai-Media chief executive Tony Abrahams is reportedly leading the investigation.

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