The Trump rally is taking a hit today even as S&P futures push 12 points higher. Dalian is also up strongly again!
Big Iron is leading lower as BHP falls – 1.7%, RIO 1% and FMG 2.6%. WHC is 0.6% but with thermal coal now falling must be at risk:
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Big Gas is holding up far better than it should. WPL and OSH are -0.5%, ORG and STO flat after the Hony bid in the latter:
Big Gold is getting killed as I feared with the rampant USD. NCM is -6.3%, RRL -7%, IGO -7%, BM -7.3% and EVN -7.2%:
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Here’s the blood in full:
Big Debt is mixed mostly off:
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Finally, Big Spruik still on the nose with the shocking FXJ 2%, REA -0.5%, MGR flat and sullied MEA -0.7%:
Good to see McGrath approaching new lows:
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Burn, baby, burn.