ASX rocketship flames out

David Llewellyn-Smith

Friday, 22 June 2018

AUD is still poofing around in the high .73s:

Bonds are bid:

XJO has stalled:

Dalian is soft:

Big Iron mixed:

Big Gas down:

Big Gold up:

Big Mortgage is still short squeezin’ as ANZ doubled its buyback:

With Big Realty in tow:

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.