Bank bust resumes as ASX hits new two year low

David Llewellyn-Smith

Friday, 21 December 2018

The AUD is still under pressure this morning:

Bonds are consolidating after the big breakout:

XJO opened with a bang but his been sold to two year lows ever since:

Big Iron continues to outperform:

Big Gas is aflame:

Big Gold wants some Fed sweet talking:

Big Banks are still free falling except a teflon coated CBA:

Funding costs are still targeting the moon:

Big Realty is breaking down all over:

Iron ore giveth and the housing bust taketh away.

Avagoodweekend.

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.