What is the Australian stock market rout telling us?

David Llewellyn-Smith

Friday 21 August 2015

The ASX200 fell through support yesterday and appears headed lower, perhaps as a low as 5000:

Meanwhile other developed economy bourses are flying (if slammed overnight):

Against global metrics we’re being severely de-rated:

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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.