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Big Iron, Spruik take off

Wednesday 15 March 2017

Dalian as adding to overnight gains as Banana Man piles back in:

Big Iron is following:

Charts now have false breaks from earlier in the week but stocks are probably under-performing the futures move, not least on a further raft of upgrades today.

Big Gas is holding up better than it should as oil weakens and politics descends on the east coast producers:

Big gold still looks likely to shake out to me, if it can’t get a lift form the Dutch election:

Big Debt is pulling back sharply as macroprudential looms. The global curve flattening is not helping either:

Big Spruik is flying on corporate action at the vile FXJ. A word of warning. Macroprudential kills listings:

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.