Aussie bonds bid again as ASX stalls

Aussie bonds are stealing the show again today as the second of the illusory RBA hikes gets priced out:

Dalian has a little relief rally going after the China PMI was better than feared:

Given Winter shut downs don’t start until November 15, I’d call that premature.

Big Iron is flat. FMG is still headed for a retest of the 2017 low despite drilling for lithium:

The Pensioner Killers are soaring:

It’s good business killing the infirm.

Big Gold is still holding up:

Big Sleazy is taking a breather despite falling yields:

Big Puswad is up:

Bloxo eat your heart out!

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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.