The Aussie dollar is down sharply:
Bonds are at breakout levels again:
XJO is at a new all time closing high if it holds:
As the iron ore bubble begins to pop:
Big Iron closes its eyes and whispers to itself “there’s a shortage” over and over:
Big Gas is OK:
Big Gold flying as the weak AUD returns:
Big Banks are off again on the yield bid:
Big Realty is still mediocre:
It may seem weird that as the iron ore bubble pops, the ASX shoots the lights out, but that’s the way of things in the bad news is good news world.
MOAR stimulus equals MOAR stocks!