Markets are completely mis-pricing Australia

The AUD is down during the morning after poor construction work done:

Bonds are bid but nowhere near enough. There is growing evidence that the Sep QTR was the pivot to much lower growth ahead:

XJO is flat:

Dalian is boring:

Big Iron is down. RIO has a horrible head and shoulders topping pattern which is making me quite nervous:

Big Gas is still falling:

And Big Gold:

Big Banks bounced yesterday arvo but are calm again. One wonders if the bond bid will ignite them for one last roll of the dice before doom sets in:

Big Realty has so far yet to fall:

The great Australian mis-pricing continues as the Sydney and Melbourne house price crashes build but everything is still priced for rate hikes.

Madness!