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China is closed today but Big Iron has taken a hint from the weakening China PMIs and fallen decently today:

Much more to come.

Big Gas is also soft, rightly, as the gas crisis rolls on:

Big Gold is mixed:

Big Debt is down as its profits fall due:

Full valued!

The Big Liar is also struggling:

Should be discounting much worse.

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.