ASX tumbles

David Llewellyn-Smith

Monday, 8 October 2018

The Aussie dollar has held up today:

Bonds are copping it:

Which is hammering the ASX:

Big Iron is getting hosed despite Dalian opening stable:

Big Gas is a bust:

Gold bashed:

Banks ouch:

Big Realty is in trouble:

Debt and equity hammered together.

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.