AUD has been bleeding back from 73 cents all morning:
Bonds are bid:
XJO is up modestly:
As Big Iron surges:
Big Gas firms:
Big Gold falls:
Big Banks manage small gains:
But Big Realty is stuck, except REA which gapped up on a better than feared result:
Straya bypassed, as usual.
David Llewellyn-Smith
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.
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.
Latest posts by David Llewellyn-Smith (see all)
- McGrathmageddon finally over? - February 24, 2020
- Kouk slammed for celebrating “excellent” border decision - February 24, 2020
- Magellan: No virus, no bubble - February 24, 2020
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The rumblings of fear are being heard across
Japanese machinery orders looking sick
https://www.reuters.com/article/us-japan-economy-orders-idUSKCN1ND037
Not just this month either
https://www.zerohedge.com/sites/default/files/inline-images/2018-11-07%20%281%29.png?itok=h9Z_4qn_
Reload REA shorts. Golly NAB is getting destroyed ex-div. Love it.