Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Trump gropes shares higher

Monday 10 October 2016

Dalian has re-opened this morning and immediately shed 1%. I expect worse is to come over the subsequent weeks. BHP is nonetheless up 0.8%, RIO flat and FMG -0.6% as the Trump grope holds sway:

With oil off Friday, WPL is easing -0.5%, OSH -1.8%, ORG -1.3% and STO -1.5%:

Hard to know when oil rolls but I see it at the top if range here.

Big Gold is rebounding with NCM 1.3%, RRL 4%, IGO -3.3%, SBM 1.1% and EVN 2.3%:

Banks are all up on the grope, just like them:

If a Trump porno is released it might trigger a new bull market!

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.