Australian dollar shorts puke on jobs data

David Llewellyn-Smith

Thursday 15 November 2018

This morning’s still solid jobs report was enough puke Aussie short positions:

Bonds are sold too. They look like a bargain to me:

XJO can’t catch a bid:

Big Iron is down:

big Gas too:

Big Gold is better:

Big Banks are still free falling:

NAB and WBC especially:

Big Realty is also soft:

The ASX housing adjustment rolls on.

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.