ASX flies on Trump wings

Dalian is melting up today just to make a goose of me:

The ASX is keeping on keeping on and now has a big, fat bullish ascending triangle pattern. Anything above 6000 and it’s all go:

The real driver is the falling AUD on the Trump budget news:

S&P futures are up too. Big Iron is muted:

The Pensioner Killers are down with oil:

Big Gold is fading as the USD spikes:

Big Sleazy roars on and is headed into very expensive territory, which is irrelevant so long as yields stay low:

Big Arse is going nowhere:

Avagoodweekend.

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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.