Market says no to bank rally

David Llewellyn-Smith

Friday 2 November 2018

AUD is still roaring along on Trump China optimism:

Bonds are hosed:

XJO can’t catch a bid:

Big Iron can:

Big Gas poop:

AUD is sitting on Big Gold:

Big Banks just can’t get moving, except backwards:

Big Property is a dead cat :

Avagoodweekend.

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.