The AUD is still pointing risk higher:
Aussie bonds have been hosed at the long end, representing a great entry opportunity:
Stocks have a neat little inverse head and shoulder pattern:
Advertisement
Dalian is soft:
Big Iron is running as it mistakes restocking for a new round of Chinese stimulus:
Advertisement
Big Gas is up too. I’m agnostic on oil now. The bottom is probably in as US rigs start to fall but you never know:
Advertisement
Big Gold is jumping. I called this rally in December as the Fed was clearly going to pause. But I think selling into it is the play as the ECB has to reverse even harder:
Banks are enjoying another dead cat bounce:
Advertisement
Big Property too:
I expect this rally to have some legs for a while. I’ll be selling into it.