Property stocks pounded

Banana Man is still in control at Dalian:

Big Iron up:

No idea how far it gets.

Big Gas is firming:

I am of the view that we’ve found the off switch for US shale at Brent $45 so some downside risks are gone. Still uninvestable.

Big Gold selling:

I’d guess more weakness ahead as the USD rebounds:

Big bubble is up as MQG upgraded the sector to neutral even as it declared the long term outlook a dour 2% credit growth:

No place to be.

Big Liar is getting thrashed as private equity peaked under the grotesque Domainfax bonnet and recoiled in horror:

I know how they feel. REA down in sympathy and MGR is printing the end of the dwelling boom.

Share

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.