AUD is still strong this morning, partly explained by a falling USD and partly by bullet-proof bulks:
Aussie bonds have actually under-performed other nations during the correction. I assume it’s because of the bullet-proof bulks but whatever it is it’s badly misled as the housing crash gathers steam:
XJO is down modestly against today:
But under the bonnet the rotation is huge. It’s all about dirt now and the hope that China will build to Mars:
Big Gas is smashed though:
Big Gold is cheering as Trump sits on the USD. I don’t expect that to last:
Big Mortgage is still getting hammered. CBA has now broken support and is in free fall with WBC:
Big Realty has finally capitulated as well. REA is crashing away from an immense double-top. DHG is being slain on crap earnings. GMA is approaching post-float lows. A break on that would be a very bearish signal for house prices:
And the Aussie tech bubble is bursting:
China to the rescue for miners. Shame about Straya.
