The AUD is still bid this morning and got a helping hand from a slow motion RBA:
Bonds are still booming with short end yields at new lows, almost at the cash rate now:
XJO is stalled:
Dalian opened south:
Big Iron is up anyway:
Big Gas is tracking oil. I still think Labor looms as a big risk for the QLDers:
Big Gold is tracking sideways:
Big Banks have sickened. They are very fully priced given the outlook:
Big Realty is soft across the board:
I’m not sure XJO can push any higher.
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 so he is definitely talking his book.
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