Australian dollar, ASX fall together

David Llewellyn-Smith

Wednesday, 12 September 2018

The AUS is still down this morning:

Bonds are bid following consumer sentiment:

Spreads to the US are at new lows across the curve again:

Stocks are down modestly:

Dalian is weak for iron ore:

And coking coal:

Big Iron ore down with FMG at new lows:

Big Gas is flying on oil but it’s mostly hurricane related:

Big Gold remains sick:

So too Big Mortgage:

Big Realty is still deluded:

Still clinging to the RBA’s disappearing boom.

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.