The Aussie dollar is stable today:
Bonds are a little bid:
As XJO powers to an 11 year high. Monthly chart below:
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Now trading on 16.5x, plenty of room to blow more bubble as earnings don’t grow but the multiple does:
Dalian is nuts:
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Big Iron up:
Big Gas is up with oil:
Big Gold down:
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Big Banks are tearing it up on the dash for trash:
Big Realty too:
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I can see this blowing higher now as earnings stall, bond yields fall and the equity risk premium skyrockets.