ASX hits post-GFC high

Advertisement

The ASX200 is trading above 5500 points today for the first time since mid 2008. It’s daily chart look bullish:

dfvgsd

It weekly chart looks bullish:

5500

Pretty much everything is up today with the exception of iron ore miners. That situation is unsustainable I’m afraid!

Advertisement
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.