ASX, big banks sink further into growling bear markets

David Llewellyn-Smith

Tuesday 18 December 2018

The Australian dollar is holding up this morning:

Bonds are bid and close to break out at the long end:

XJO is down, down. Although not at new lows today it has broken support and looks headed lower:

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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.