Australian Dollar Australian LNG Australian Shares Commodities Iron ore price

Big Dirt wakes in fright

David Llewellyn-Smith

Monday, 10 February 2020

Hoocoodanode? The Australian dollar is trading right at the breakdown line:

Bonds are bid:

XJO is absurdly high for the virus context:

Big Iron is beginning to come apart. I’ll take that FMG blowoff day a few weeks ago straight to the pool room:

Big Gas free fall:

Big Gold is bizarrely unpopulsr:

Folks prefer Big Banks, especially CBA:

And Big Realty:

A bad idea if there was ever one.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.