Fade the GDP illusion

David Llewellyn-Smith

Wednesday 5 September 2018

The AUD is up after GDP:

Bonds are hosed:

XJO is down sharply and the chart may have more downside:

Dalian is firm but Big Iron is in free fall:

Big Gas is hit too:

Get out of the way of Big Gold:

Big Mortgage appears set to retest the lows:

Big Realty is in lalaland:

Fade the GDP illusion.

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.