ASX rallies out of gloom

David Llewellyn-Smith

Monday 29 October 2018

The AUD is still firm this morning:

Aussie bonds are bid strongly and the long end trend towards lower yields is intact:

ASX has popped on hope that the selling is over:

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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.