ASX breaks to new lows as housing complex tumbles

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The Aussie dollar is up with risk:

And bonds are falling on the same:

But the ASX isn’t buying it. A close at these levels will be a new low and the double-top firms up:

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Dalian is stable:

Big Iron is mostly up:

Big Gas is getting hosed as oil tumbles:

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Big Gold does not look happy, either. I’m still a seller:

Big Sleazy is falling firmly. Perhaps it’s the RC or yields but that looks suspiciously like a post-2015 downtrend forming:

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Big Puswad is looking very shaky:

REA is up but everything is through the trap door. MEA still holding on to record lows. GMA breaking…

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Not a good look for the housing complex.

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.