Stocks position for rate cuts
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Banana Man is at it again in Dalian though he hasn’t added much since last night:
Big Iron is in heaven as markets set up for more rate cuts and a lower dollar while dirt prices rise. BHP is 1%, RIO 2%, FMG 2.4% and at new highs again, WHC 2.3%:
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Big Gas is down as ORG’s stupid float sinks in, selling upstream gas assets while keeping the white elephant is not a good idea. WPL is -03%, OSH -0.2%, ORG -4% and STO -0.7%:
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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.