RBA corruption lifts banks as big gas collapses

David Llewellyn-Smith

Wednesday 19 December 2018

The AUD is bid this morning as the Fed looms:

Bonds are still tearing it up:

XJO not:

Dalian is soft:

Big Iron OK:

Big Gas not:

Big Gold is still enjoying the Fed sniff. I expect the rally to be relatively brief:

Big Corruption has a little bid but the rip is being sold:

Big Realty still hopeful but buggered:

Bring on the Fed.

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.