King hit ASX can’t get up

David Llewellyn-Smith

Friday, 26 October 2018

AUD is just hanging around this morning:

Bonds are soft:

XJO is king hit and knocked out cold. Soft US futures aren’t helping:

Big Iron is bouncing modestly:

Big Gas too ex-ORG:

Big Gold is sagging:

The Big Banks can barely raise an eyebrow:

Big Realty is stuffed:

Big Tech trying and failing. RMD released a solid result:

Fallen and can’t get up.

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.