Godfreys sales collapse canary?

Thursday, 14 June 2018

Via Godfreys today:

Is the June sales collapse the result of the new executive team or the market?

It’s not helping JBH or HVN today. The former looks ominously like the bearish descending triangle chart of the big Australian banks:

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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.