The AUD is off and running, bursting above 0.72 for the first time in two months:
Bonds are selling too:
XJO does not like it:
Advertisement
Dalian is hit by Brucutu:
So is Big Iron. If this gets going it could be a decent buy:
Advertisement
Big Oil is serene in the face of growing political risk:
Big Gold is mixed. A short term buy here has merit given DXY may well weaken:
Advertisement
Big Banks are running hard on imminent easing. They are massively overvalued by gotta get that yield:
Advertisement
Same for Big Realty:
There’s change afoot. A can see AUD running up to mid-0.75s in the short term. That’s why we rebalanced cash and bonds yesterday.