Trump dumps Australian dollar and stocks

See the latest Australian dollar analysis here:

Macro Afternoon

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.

David Llewellyn-Smith
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