As Aussie dollar busts, stocks boom

David Llewellyn-Smith

Thursday, 7 February 2019

The Aussie dollar is still selling:

As bonds take off:

With stocks:

Led by the Big Iron melt-up:

Big Gas is up on OPEC and Russia:

Big Gold is losing steam at DXY regains it:

Big Banks are back. They ought to run on the yield trade for a bit, right into a crumbling economy…

Big Realty is mixed. There’s not a lot of reason in DHG crashing while REA firms up:

Blessed is the RBA.

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.