Big Bill’s bazooka shoots down Australian dollar

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Rocks everything actually. The AUD moonshot on jobs before Big Bill Evan’s interest rate cut call shot it down:

Bonds too:

XJO reversed 70 points:

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Big Iron is mostly up:

Big Gas still doesn’t care about Labor:

Big Gold is surprisingly weak:

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Big Banks are riding the bazooka. I’m not a believer in this bond proxy rally for much longer:

Big Realty is up a little as well:

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Remarkable moves for one interest forecast change. Bill Evans is by far the best in the market (outside of yours truly). But the magnitude of today’s moves tells us as well just how bad everyone else is.

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.