ASX hit post-GFC high

Wednesday, 28 May 2014

The ASX has joined US markets today in hitting post-GFC high (although is a long way behind on a longer term basis) at 5541:

Here’s the 5 year chart:

And all time:

Banks are leading and miners managing subdued rallies despite falls in Chinese iron ore futures. It’s all good today.

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.