Sad and sorry ASX sinks back to 6000

David Llewellyn-Smith

Friday, 19 January 2018

It’s a sad and sorry ASX today sinking back to 6000:

Dalian has opened down:

Big Iron is soft:

Big Gas is falling:

Big Gold too:

Bond yields are still near breakout:

Leaving Big Ponzifier nowhere to hide:

But Big Realty is up:

Aussie dollar right on 80 cents depressing it all.

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.