ASX struggles to regain momentum

The ASX is struggling to regain momentum today, up a measly 20 points:

Despite the AUD trading at the lows:

As the yield spread to the US on the two year hit just 8bps. Inversion imminent!

Dalian is firm:

But Big Iron soft, except FMG:

The Pensioner Killers are up and away on the STO bid. If it is approved I will personally visit the ACCC and FIRB to protest in the most unflattering of terms:

Big Gold looks strong:

Big Sleazy is up:

Big Arsehat is mixed. Apparently the Domain abortion is up though it is still not appearing on my scope:

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.