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ASX seared by missile

David Llewellyn-Smith

Wednesday 5 July 2017

Dalian is soft again today but not decisively so:

Big Iron is up anyway:

Not sure why, the rebound is hitting turbulence.

Big Gas is mostly down:

Oil has risen more than the stocks have so suggests a healthy degree of skepticism that we’ve bottomed. Qatar not helping.

Big Gold is up a bit with the missiles:

Big Bubble is giving back already…

Big Liar mostly off too:

The vile FXJ adding a few dodgy points.

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.