The Aussie dollar is still falling after the RBA buckled today:
Bonds are booming and breaking out:
XJO is enjoying the lower dollar:
Big Iron is running. This is the monthly chart. I’m wondering now if RIO won’t charge a record high before the crash:
Big Gas is down on the US inventory build:
Big Gold is trading the metal not AUD today:
Big Banks have flamed out already after the CBA dud:
Big Realty got nuthin’ from the RBA roll over:
Next question: will rate cuts even help house prices? I have my doubts.
David Llewellyn-Smith is chief strategist at the MB Fund and MB Super which is long international equities and local bonds that will benefit from a weakening Australian economy and dollar.
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