Shaky ASX falls again

David Llewellyn-Smith

Wednesday 24 October 2018

AUD has little bid today:

Bonds are bid as well:

ASX is falling again, worse as the day rolls on:

Bullet-proof bulks keep on:

Not Big Iron though:

Big Gas is aflame. More ahead as oil suddenly appears plentiful and political risk skyrockets at home:

Big Gold is up. This is not inconsistent with the move in markets away from high-beta and towards defensives that could auger a slowing Fed:

Big Banks are getting a bit of dead cat action:

Big Realty is still buggered:

Shaky market still.

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.