ASX struggles despite the big bounce

David Llewellyn-Smith

Tuesday 27 March 2018

The Aussie dollar is down during the day:

Bonds are off:

XJO is adding a lousy 40 points despite the global rebound:

Dalian is up:

Big Iron too though not FMG which has fallen right to its $4.50 support. It’s toast or I’m a monkey’s uncle:

Big Gas is up:

And Big Gold. I remain skeptical:

Big Sleazy is not doing very well at all given the rebound. A bad sign:

Big Puswad is OK:

It’s a troubled bourse.

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.