Big iron is being slaughtered today as BHP sinks back into the Samarco mud down -9.5% and in free fall. RIO is -5.8% and FMG -2.3% as Dalian is trading down -1% (I’ve only got weekly charts today)
Big gas is also buried in the mire, rather suggesting that the broader bear market rally in commodities is in the poo. WPL is -3.8%, OSH -4.6%, ORG -4.6%, STO -5.6% and LNG -3.4%:
Advertisement
Banks too are taking it in the team as the RBA flush passes with CBA -0.8%, WBC -1.6%, NAB -1.8%, ANZ -1.6%, BOQ -0.8%, SUN flat, BEN flat, MQG -1.7%
McGrath is also down -1.8% and REA Group is flat so there’s still not much life in the housing space.
Advertisement