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Big iron and gas are again being ripped apart by the Sykesnado which is only intensifying. BHP is down -4.4% and verging on new lows, RIO is in post-GFC free fall down -1.6% and FMG is holding up as iron ore rallies:
The roof is being ripped off big gas with WPL down -3%, OSH is -1.1%, ORG is -6%, STO is -5.5% and LNG is -7%:
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No new lows but all approaching…
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.