ASX sends a buy signal from the future

Friday, 22 June 2018

Via the AFR:

The ASX hits a 10-year high in the middle of a ramping trade war between the United States and our most important trading partner, China. That’s not exactly the circumstances under which you’d expect investors to be plunging into Aussie shares.

…there are a number of ways Australia could be a winner from ramping trade war rhetoric…the Aussie dollar, which is trading around a five-month low of US74¢…the climb in the US dollar in recent months has hurt emerging market equities, but worked in favour of ours.

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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.