ASX decouples from Planet Earth

David Llewellyn-Smith

Tuesday, 14 August 2018

Amusing stuff today as the ASX decouples from Planet Earth. The AUD is at the lows:

Bonds are flat:

ASX to the moon as the emerging word falls apart:

Dalian is holding:

Big Iron is up as Chinese growth slides away:

Big Gas too:

Big Gold is dead cat bouncing:

Big Mortgage is loving the crapola bank results:

Big Puswad is rallying nicely into the looming bust:

Good luck making sense of that little lot.

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.