The AUD is roughly flat through the morning:
Bonds are threatening to break out as the bid booms. Pleased to report we went long a fortnight ago:
And the ASX struggles:
Dalian is flat:
Big Iron is mixed:
Big Gas is sinking again. Spot regional LNG prices are now sliding with oil:
Big Gold is showing some life. You could be forgiven for concluding that there’s short term upside here as the Fed gets dovish:
Big Banks have rolled again:
Big Realty always goes up!
There’s a market regime change underway.
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.
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.
Latest posts by David Llewellyn-Smith (see all)
- Gas cartel “shitfuckery” - June 5, 2020
- Europe gets it together…temporarily - June 5, 2020
- New REA index points to rising housing purchases - June 5, 2020
YOU MAY ALSO BE INTERESTED IN
Macro Afternoon
Heading into tonight's US non-farm payroll
Grantham: Market "lost"
Superb as always from the GMO
Macro Morning
By Chris Becker Risk markets finally
Macro Afternoon
Stock markets are yet to take a breather
I am feeling the AUD may have seen it’s high at 7395
Market is still short on the CFTC – does anyone know if 40,000 to 50,000 contracts is really a big deal?
You would have to think RBA is going to an easing bias at today’s meeting or at least by Feb
Feb at the earliest. Market is till very short.