Trump dumps Australian dollar and stocks

David Llewellyn-Smith

Tuesday, 27 November 2018

It all started so well. Then Donald Trump declared China tariffs are still coming and it ended with the AUD down:

Bonds are bid:

Stocks not:

Dalian is sinking still:

Big Iron too:

Big Gas is up a bit. I still think oil will fall further:

And gold:

The Big Bank dead cat bounce is less…bouncy:

But realty stocks are OK today:

GMA is pushing post-float lows but it’s not yet decisive.

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.