ASX nudges towards new highs

David Llewellyn-Smith

Thursday, 14 December 2017

There’s nothing like a crapped out economy to drive shares higher:

It would have been even better had jobs not printed so strong.

Big Consumer is taking some MYR pain but not too bad:

Big Iron is up:

Pensioner killing is too:

Big Gold is rebounding already:

Big Sleazy if off on AUSTRAC:

And Big Rectum is mixed:

As the consumer dies we can expect a new bull market!

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.