Woe is XJO!

David Llewellyn-Smith

Wednesday 21 November 2018

AUD has been struggling through the morning:

Bonds remain bizarrely mis-priced:

As XJO takes a tumble to two year lows:

Big Iron is hit:

As Big Gas collapses (happy we exited WPL last week!):

Big Gold is soft:

Big Banks down again:

And Big Realty:

Woe is XJO!

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.