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ASX parties on Narev exit

David Llewellyn-Smith

Monday 14 August 2017

See ya and wouldn’t wanna be ya. That’s today’s market message for Ian Narev as CBA jumps on his exit:

Dalian is eroding as China data heralds the slowdown:

Not that Big Iron cares:

But it will!

Big Gas also looks weakish:

Big Gold is flying though:

I’m a seller here as the DPRK calms and oil remains firm, underpinning the Fed.

The Big Lie keeps on giving:

MEA is especially flying as housing slows. Go figure.

Finally, the XJO pattern still looks worrying:

Pretty uninspiring.

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.