The AUD is still firmly bid this morning:

The RBA-inspired mis-pricing of Aussie bonds rolls on:

But XJO has sunk to what will be a new correction low if sustained into the close:

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Big Iron is soft:

Big Gas hammered:

Big Gold is firm:
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Big Banks are still free falling:

Big Retail is on the verge of joining them:

As Big Realty keeps falling:
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The RBA may see a property bust with no consequences but, increasingly, equities don’t.