New record highs for the US late cycle boom

David Llewellyn-Smith

Tuesday, 5 December 2017

DXY was firm last night:

AUD rebounded and has what could be construed as a double bottom in place (for a short term pain trade):

EM forex was stronger:

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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.