Pathetic ASX bucks boom again

David Llewellyn-Smith

Thursday, 18 January 2018

Dalian is up a bit today:

But nothing can boost the pathetic ASX which is down marginally despite a spectacular lead from offshore:

Big Iron has a soggy rebound:

Big Gas is correcting solidly:

Big Gold may sense a bottom for DXY:

Big Sleazy enjoyed the mixed labour data but it needs a much less rosy economic outlook to rally:

Big Realty is up, especially MEA. No news that I can find. Perhaps it is the hope that McGrathmageddon will resign here too:

A sad and sorry bourse indeed.

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.