ASX fails to launch again

Tuesday, 12 December 2017

In what is becoming a regular feature of the local stock market, strong overnight leads from Europe and the US opened the bourse up but it faded through the morning:

Big Iron is up on China’s rapidly easing credit growth. Go figure:

Pensioner killing roars on:

Big Gold is sinking at last:

Big Sleazy is up a bit:

Big Louse is down:

The lost bourse continues.

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.