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Big Iron sees light of hope in rising Chinese bond-fire

David Llewellyn-Smith

Wednesday 21 December 2016

The Chinese bond-fire is rising again today and it is clearly a mini-crisis that could develop swiftly:

Dalian is working it out:

But not Big Iron. It sees hope in that fire! BHP is 1.3%, RIO 1.4%, FMG 1% and WHC 3%:

Minor falls and broker upgrades must mean buy!

Big Gas is fading too:

Big Gold is bid again:

Big Debt is clearly breaking out:

Big Spruik is chasing REA upwards except poor sad sullied MEA:

Amazing market this. Way overheated and heading into a China reckoning. That’ll be the time to get long the US.

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.