ASX chases Wall St lower

David Llewellyn-Smith

Friday 2 March 2018

The Aussie dollar is still soft:

Bonds are bid:

XJO is getting worse through the day:

Dalian has led its overnight losses:

Big Iron is getting hit with FMG setting up a near perfect bearish descending triangle:

Big Gas is down with more ahead:

Big Gold got a Trump lift:

Big Banks are selling:

Big Realty is weak with GMA leading:

No panic here. Avagoodweekend.

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.