Big Iron is firm today as China has announced the suspension of coking coal imports from North Korea. Not a trivial amount of 22mt. Dalian is 1.5% and coking futures a bit more. Of the majors only FMG is up, however, for no obvious reason:
Big Gas likewise is looking a bit toppy:
Big Gold is consolidating:
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Big Debt continues its stealth bull market:
Big Spruik has diverged a little:
Good to see the sickening FXJ rolling over.
The entire market looks a bit worried about valuations today for good reason!